Manappuram Finance Ltd Vs Assistant Commissioner
Date: December 7, 2022
Court: High Court
Bench: Kerala
Type: Writ Petition
Judge(s)/Member(s): GOPINATH P
Subject Matter
No GST on notice pay received from erstwhile employees
Summary
Circular 178/10/2022 clarifies that the amount of money received by the petitioner as notice pay from erstwhile employees is not a taxable transaction for the purposes of the GST laws. The fact that the Circular was issued only after the issuance of…
The petitioner is a non-banking finance company and is an assessee under the GST Regime. This writ petition has been filed challenging Ext.P1 order in appeal to the extent it found that the petitioner is liable to pay tax on notice pay received from the former employees of the petitioner. The appellate authority upheld the orders of the original authority, which had rejected the claim for refund m…