June 2023

Newsletter - June 2023


Composite Supply and Recent Advance Ruling
In GST regime the concepts of composite supply is very important for the determination of applicable Tax rate when two or more goods or services are supplied together. Recently AAR Telangana has issued advanced ruling in relation to determination of composite supply when two or more goods or services are provided under two different contracts.
To know more in detail, please click here.

Leave Encashment Exemption threshold limit enhanced
Leave encashment received by employees at the time of retirement or otherwise is exempt from Income-tax subject to fulfillment of conditions and limitation. Recently, the Central Government has notified an enhanced limit for tax exemption on leave encashment of non-government employees.
To know more in detail, click here.