The Haryana Authority for Advance Ruling (AAR) has ruled that, no Goods & Services Tax (GST) can be levied on recovery of notice pay or compensation paid on forfeiture of surety bond while placing reliance on Circular No. 178/10/2022-GST dated 03.08.2022 by the Central Board of Indirect Taxes & Customs (CBIC).
Source Taxscan
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