The Madhya Pradesh Authority of Advance Ruling (AAR) ruled that the GST is applicable on payment of notice pay by an employee to Bharat Oman Refineries in lieu of notice period. The applicant, M/s Bharat Oman Refineries Limited (BORL) is a Company registered under the Companies Act, 1956 with Registrar of Companies, Gwalior and is carrying on the business of Relining of Crude Oil in the Refinery located at Village Agasod, Bina. District Sagar, Madhya Pradesh. The Bharat Oman Refineries Limited is headquartered at Village Agasod, Bina, District Sagar (M.P.). M/s BORL is a deemed Public Sector Undertaking, as the holding company. M/s Bharat Petroleum Corporation Limited (BPCL) has 51% paid up capital in the company.
Source Taxscan
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