 "IT firms")
Amid lack of clarity over the goods and services tax, information technology (IT) and information technology-enabled services (ITeS) companies have received notices for GST payment on employee contract transactions such as pay deduction during the notice period, termination fee and bond recovery.
The grey area over taxability in such cases continue in the GST regime as in the service tax regime, where employers received notices demanding payment of service tax on the amount received as notice pay from employees.
“We have
