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India Business News: The GST Council is set to discuss the appointment of members to proposed tribunals during their meeting on Saturday. However, there are no expected ch
The ministry may seek a cut in components like turbines, steel and cement which are in the higher slabs.
The FM added the government would release ₹16,982 crores from their own resources and the same amount will be recouped from the future compensation cess collection.
Is GST applicable for skipping notice period and canteen food? It’s a yes and no A recent decision by the Gujarat Authority for Advance Rulings has ruled in a case for imposition of 18 percent GST on the recovery of notice pay from employees who skip serving this period. A similar 5 percent GST is also applicable on food sold in canteens. January 13, 2021 / 06:38 PM IST The Gujarat Authority for Advance Rulings (GAAR) has held that an employee exiting a company without completing their notice period would be liable to pay 18 percent goods and services tax (GST) on the recovery of the ...