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GST on Notice Pay Recovery
Is GST applicable on Notice pay recovery. (Amount recovered from employee by employer).If yes, pls share the Section no. Rule no. and SAC number.
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Services provided by an employee to the employer in course or in relation to the employment are not treated as Supply(.Schedule III).Hence related payments are not subjected to G.S.T.
Where as Gifts of value more than 50,000 made without consideration are supply and subject to G.S.T when made in course or furtherance of Business.
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