What will be the GST applicability on account of travel per diem not explicitly included in employment contract but still employer is paying to employees as a company policy?
please reply.
Thankyou!
Menu
Travelling Per diem
Replies (2)
If included in employment contract It would've been escaped the GST liability since it would be called a service in the course or in relation to the employment and consequently attracts Schedule III provisions..
In your case it would be taxable as per provisions contained under Schedule I (para 2) because It would be treated as perquisite (free gift). But It's taxable only if the valuation per employee per annum is exceeding ₹50,000...
In your case it would be taxable as per provisions contained under Schedule I (para 2) because It would be treated as perquisite (free gift). But It's taxable only if the valuation per employee per annum is exceeding ₹50,000...
As per the press release dated 10/7/2017 issued by CBIC , The services provided employer to employees in the course of or in relation to his employment outside the scope of GST.
Hence transaction between Employer & Employee is excluded from levy of GST if :
1. In relation to employment.(Schedule III)
2. Gift not exceeding 50K (Schedule I)
Hence transaction between Employer & Employee is excluded from levy of GST if :
1. In relation to employment.(Schedule III)
2. Gift not exceeding 50K (Schedule I)
Recent Topics :
- Sale of shares in indian company by a non resident
- Difference in TIS
- GSTR-9C Upload Status Error Occured
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
Related Topics :
CAclubindia
