Amounts received by an employee from the employer on premature termination of contract of employment is regarded as supply ?
6 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 16 April 2019
Yes it's supply As per para 5(e) of schedule II of CGSt Act "Agreeing to the Obligation to Refrain from Act or to tolerate an Act or Situation, or to do Act " shall be treated as supply ..
Hence GST is applicable.
manoj
(student)
(5205 Points)
Replied 16 April 2019
I dont think so pankaj ji as employee and employer relationship is outside preview of GST
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 17 April 2019
ITS NOT EMPLOYER EMPLOYEE RELATIONSHIP REMAINS, AFTER TERMINATION, MOREOVER READ THE SCHEDULE II
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