Menu
Applicability of GST
A company provides buys shoes and provides to employees at 50% subsided rates. The company also provide 2 sets of freeuniforms to employees and charge for additional uniforms more than 2 at a fixed price. whether GST is applicable?
Replies (3)
if any perquisites provided free by by Employer to his employee in terms of of contractual agreement (CTC) shall not be liable to GST. .(Free uniforms)
As per Para 2 Of schedule I , gift to employee upto 50 thousand is exempted , but as per your query Above I don't think it's cover under Gift.
On 50% subsidised rate for shoes & for additional uniform for which employer has charged from employee do attracts GST.
As per Para 2 Of schedule I , gift to employee upto 50 thousand is exempted , but as per your query Above I don't think it's cover under Gift.
On 50% subsidised rate for shoes & for additional uniform for which employer has charged from employee do attracts GST.
Sir, Thank you very much for the reply.
Further, value on which GST is payable is open market value as employee is a related party..
Recent Threads
- ITR 2 Processed and Refund Credited to Bank
- Freelancer or Salaried
- LTCG Tax & Indexation on Debt Mutual Funds Sol
- Section 45(5A) and 194IC with carry forward of tds
- Paid tax amount, CIN generated and challan downloa
- INTRADAY INCOME PRESUMPTIVE INCOME
- Clarification on Deemed Export Status for EOU-to-E
- LTCG Tax on property
- Short term gain in itr2, missing 111A
- Errors in ITR Filing: Minimum One Character Requir
Related Threads
CAclubindia
