What is the provision for gifts by employer to employee wrt supply under GST
Gifts by employer to employee
Replies (3)
Quick Summary
I think taxable if more than 50k
Less than 50k Gift by employer to employee will not treated as supply Goods or Services or both as per schedule I of CGST act 2017
It is being reported that gifts and perquisites supplied by companies to
their employees will be taxed in GST. 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.
their employees will be taxed in GST. 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.
Recent Topics :
- Bill-to-ship-to material at client site, project c
- Export previously now to be considered domestic sa
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
Related Topics :
CAclubindia
