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
Latest Posts in "India"
- CBAM Compliance Guide for Indian Exporters: 2025–26 Edition
- Government Scrutinizes E-commerce for Ignoring CST Rate Cuts, Investigates 3,000 Consumer Complaints
- Industry Body Urges Government for Relief Measures for Small Chemists During GST 2.0 Transition
- CESTAT Rules Electronic Software Downloads Exempt from Customs Duty in HCL Technologies Case
- India’s GST 2.0 Sparks Concerns in Nepal Over Smuggling and Trade Deficit
