Gift to employee more than 1Lakh
This query is : Resolved
06 January 2025
Gift to employee more than 1 Lakh Given , How much exempt in hand of employee and How much GST applicable on this amount
CA R SEETHARAMAN
(Expert)
06 January 2025
Gifts up to Rs. 50,000 a year from the employer to the employee are exempt under GST. But, gifts amounting to more than Rs. 50,000 are subject to GST.
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