GST ON CONCESSIONAL FOOD TO EMPLOYEES
Query (Issue) Started By: – CABIJENDERKUMAR BANSAL Dated:- 22-9-2018 Last Reply Date:- 27-10-2018 Goods and Services Tax – GST
Got 8 Replies
GST
Dear All,
I have a query regarding GST treatment on Concessional Food to employees.
For example:- company is getting Tiffin from outside @40 Rs. and charging to employees and contractor workers @15 rs. balance 25 rs. is contributed by company.
Our query is, on which amount we should charge GST ? Whether on 15rs. or 40 rs. or (40+10%= 44) and take credit of GST on purchase of 40 rs./-
Thanks,
Gorav Goyal
8447589778
Reply By Yash Jain:
The Reply:
Dear Sir,
Please charge GST On value as being recovered from the Employees Only. (Rs.15)
Regard
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
10th july, if the amount is part of appointment clause need not pay the GST.
In case of contractor you have to pay the GST amount of ₹ 40/- i/o ₹ 15.
This is my view other expert valuable comments are awaited.
Reply By CABIJENDERKUMAR BANSAL:
The Reply:
Thanks for the reply.
as per our GST Auditors, they are asking to raise invoice @44 and taken credit on 40. That means we need to pay GST on extra amount @4 (44-40) which is extra cost to the company.
Their view is Employee and employer is related party as per GST Act, and valuation provisions will apply and 10% will be added to cost i.e. 40+10%=44
and credit will be taken on 40 ( invoice recd. from canteen food supplier).
Pls. clarify.
Reply By Ganeshan Kalyani:
The R
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =