A Factory has given 250000 to one of employee for Haj tour ,whether it is a supply as per clause B Schedule I of Gst
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Quick Summary
This discussion explores whether a substantial gift of £250,000 from a factory to an employee for a Haj tour is subject to GST. The consensus leans towards it not being a taxable supply, as gifts up to £50,000 per employee annually are generally outside GST. While gifts exceeding this value without consideration could be taxable if in furtherance of business, the employer-employee relationship suggests this is part of salary, not a business supply.
Gifts upto a value of Rs 50,000/- per year by an employer to his employee are outside the ambit of GST. However, gifts of value more than Rs 50,000/- made without consideration are subject to GST, when made in the course or furtherance of business. But in this case whether it is for furtherance of business??