Poonawalla fincorp
Poonawalla fincorp

GST ON SERVICE BOND

This query is : Resolved 
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(Querist)
14 November 2019 If an employee resign from the service, accordingly he has to pay service bond as per terms of employment. In this case whether GST will be applicable on bond amount?
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RAJA P M

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RAJA P M (Expert)
14 November 2019 Yes... GST applicable for bond amount.
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CA KULDEEP PRAJAPATI ROOPWAL

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CA KULDEEP PRAJAPATI ROOPWAL (Querist)
15 November 2019 Please elaborate which provision of GST Act shall attract to GST on service bond
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