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Home Business

big news! If the notice period is not completed while leaving the job, then this much money will be deducted from F&F

January 14, 2021
in Business
3 min read
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money 1 big news!  If the notice period is not completed while leaving the job, then this much money will be deducted from F&F big news!  If the notice period is not completed while leaving the job, then this much money will be deducted from F&F
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18% GST to be cut from F&F

According to the decision of the GST Authority, if any employee leaves the job without completing his notice period, then GST can be deducted from 18% of his full and final payments.

new Delhi: Are you also going to join one company and join the other… If this is the case then this news is very important for you. According to the decision of the GST authority, if any employee leaves the job without completing his notice period, then GST can be deducted from 18% of his full and final payments. According to the news of money control, from now on, all the people will have to serve their full notice period while leaving the job, otherwise a big amount can be deducted from your F&F.

This decision has been taken by the Gujarat Authority of Advanced Ruling. This entire matter is related to a company based in Ahmedabad. Let us tell you that this case started with an employee of the export company Amneal Pharma. Let the employee of the company leave the job without serving the three-month notes period, after which the matter came to light.

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GST Authority took this decisionAfter this case, the GST Authority said in its decision that this amount is not under the Employee Exemption under the GST Act (Employee Exemption), therefore, 18 percent GST will have to be paid on the condition of not completing the notice period.

All information is given in the appointment letter
Let us tell you that while hiring any employee, full information about the notice period is given in the appointment letter given to them. The number of days the notice period is, the employee has to resign as many days before leaving the job.

Also read: Update your mobile number in this way in the bank, otherwise losses may occur

These rules will apply from now on.
Let us tell you that if the notice period of any employee is 3 months and he only works for 2 months after resigning, then 18% GST will be deducted from his remaining salary of one month. That is, if an employee’s salary monthly is Rs 50,000, then according to this decision of Gujarat Authority of Advance Ruling, an employee will have to pay 18 months GST along with one month salary.



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Tags: 18 percent GST will be cutbusiness news in hindicompanyemployeeGSTgst newsGST on notice periodjobJob changejob newslegalnotice periodTax on notice periodusiness
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