incentive to employee
savita deshpande (59 Points)
23 June 2017
employee having incentive more than 50000/- is GST applicable on after 50000/- amount?💐
3 Replies
rocky
(accountant)
(953 Points)
Replied 23 June 2017
no GST on employee benefits like salary, incentive , bonus and other allowances
sagar
(student)
(47 Points)
Replied 23 June 2017
But, if you give a gift amounting more than Rs.50,000/- than GST is applicable on entire amount of gift whether in cash or in king .
rocky
(accountant)
(953 Points)
Replied 23 June 2017
gift means cash or facility given to someone due to love and affection. we give incentive for the work done by the staff.
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