Gst on service bond agreement

As per your query, I understand that you want to understand abt the gst applicability on cancellation of contract... I this case if they are charging cancellation fee from u then there would be gst applicability on co. not on u

Yes it's taxable .
In term of Para 5 of Schedule II , The activity of agreeing to the obligations to tolerate an act or a situation. means any kind of penalty for termination of agreement or contract , the GST attracts.
Hence if there is any cluase in the such agreement , which binds you to pay for termination of contract , the GST is Applicable.

Thank you sir for give information but I have one doubt according to cgst act schedule III section 7 services by employee to employer part of contract neither treat as supply of goods nor supply of services so please clarify it.

Services provided by an employee in the ordinary course of his/her employment shall be outside GST.

Hence anything paid by employer to employee which covers under employment agreement (ctc) is out of GST