Amount paid by Employee to Employer in lieu of Waiver of Notice-Period Not Liable to Service Tax: CESTAT [Read Order]
The CESTAT scrutinized whether the payment of an amount for waiving notice period would constitute a ‘Service’ of ‘Tolerating an Act’ under Section 66E(e) of the Finance Act, 1994
The Ahmedabad Bench of the Customs Excise and Service Tax Appellate Tribunal (CESTAT) clarified on the taxability of the amount paid by an employee to an employer in exchange for vitiating the mandatory notice period to be served by the employee upon termination of employment. The Service Tax Appeal was filed by Ami Lifesciences Pvt….
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