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Gift to employees


Elizabeth Devadas   20 August 2020

Elizabeth Devadas

 1 likes  37 points

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GST applicability on Gift in the form of cheque exceeding value of Rs. 50,000 given by employer to employee. Please let me knoe whether this transaction is taxable or not
CA Sunil Kumar

CA Sunil Kumar (Chartered Accountant)     20 August 2020

CA Sunil Kumar
Chartered Accountant 
 386 likes  4484 points

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 gifts of value more than Rs 50,000/- made without consideration are subject to GST, when made in the course or furtherance of business.
As per the explanation to section 15 of the CGST Act, 2017 employer and employee shall be deemed to be related persons.
Elizabeth Devadas

Elizabeth Devadas   21 August 2020

Elizabeth Devadas

 1 likes  37 points

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Thank you for valuable suggestion sir. I need one more clarification whether it is supply of goods or services and rate of tax

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