GST on Bonus

Originally posted by : Prosenjit Ghosh
	If,an employer given bonus to her employees. Then GST chargeable on bonus?

NO,

Employers offer various gifts to the employee on several occasions and festivals. Schedule 1 of GST law says that it will not treat ‘gifts’ whose values are not more than INR 50,000 in a financial year as the supply of goods and services. Although GST laws have not defined the term ‘gift’ yet.

On the other hand, the amenities which are not part of the CTC will come under GST from 1st July onwards.