If the registered person has considered the notice pay recovered from employees as a taxable supply but has not disclosed the same as an income in the Profit and Loss account, it would be reported under Sl. No. 5O of FORM GSTR-9C for the purpose of reconciliation. Data for such recoveries can be ascertained from credits in the Salary/ Wages ledger maintained in the books of accounts.
Should the registered person disclose details of “notice pay” recovery from employees in FORM GSTR-9C? If yes, where should it be reported? Print
Created by: WIRC-GST Helpdesk .
Modified on: Thu, 13 Jun, 2019 at 6:57 PM
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