Practical Accounts And Taxation
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The element of supply in the day-to-day activities between employer and employee is extremely challenging to determine. Which requires the careful attention and microscopic scrutiny of every activity vis-à-vis the employee to ensure due compliance of law.Kerala on the taxability of recoveries made from employees by the employer will have an enormous rippling effect across the industry as per the recent ruling pronounced by the GST Authority for Advance Rulings.It will trigger aspects of employer-employee relationship which seemed harmless and outside the purview of GST.It would predict well for this new law, the government and the business community if the issue is dealt with quickly and suitable clarifications provided, before more productive time is diverted to such non-productive deliberations.
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