WebDec 13, 2024 · Notice pay is nothing, but the amount stipulated in the employment contract for breach in serving (not serving) the stipulated notice period. In other words, notice pay … WebThe notice period employee has to follow according to the regulations is a minimum of 30 days and a maximum of 90 days. Further, if the required notice period is not served, the …

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WebJul 5, 2013 · “Recovery towards shortfall of period of notice: You are required to give minimum period of notice in writing. However, the company reserves the right to relieve you before the expiry of notice period on payment or recovery, as the case may be, of proportionate basic salary towards shortfall of period of notice.” Web1. Whether refund of GST paid on notice pay recovery is eligible in view of the Department Circular dated 3.8.2024? Facts and Pleadings: The Petitioner is a non-banking finance company which filed an application for refund of GST paid by them on notice pay recovery from its employees. Notice pay means the payment of money to the employer by the ... tar spot corn control

No GST on notice pay recovery: Council - PressReader

WebDec 12, 2024 · In case of notice pay recoveries, there is no agreement by the employer to causing loss or damage by leaving early for a consideration. The expression ‘to tolerate an act’ relates to situations where a person commissions another person to do or commit a particular act for a consideration. WebSep 30, 2024 · The Circular No. 178/10/2024-GST,dated 03.08.2024 has focused on GST Applicability on liquidated damages, compensation and penalty arising out of breach of … WebAug 4, 2024 · The circular said forfeiture of salary or recovery of bond amount in the event of the employee leaving the employment before the minimum agreed period by the … tar spot corn isu