Gifts from the employers – GST provisions
By: – CSSwati Rawat
Goods and Services Tax – GST
Dated:- 12-7-2017
Govt says gifts of up to ₹ 50,000 by employer exempt under GST
On Monday governmnt clarified that gifts worth up to ₹ 50,000 by an employer to its employees as well as free membership of clubs, health and fitness centres will not attract goods and services tax (GST). Also, the services by an employee to the employer in the course of or in relation to his employment is outside the scope of the new indirect tax regime, it said.
Any club, health and fitness centre membership provided by an employer to its all employees free of charge will not be subject to GST. The same would hold true for free housing as p
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tivals adhering to maximum limit prescribed i.e. ₹50,000/-.
Dated: 13-7-2017
Reply By sanjeev goel as =
Only gifts from employer upto ₹ 50,000/- are out of GST or the gifts from anybody like free samples etc.??
Dated: 13-7-2017
Reply By CS Swati Dodhi as =
As per my understanding it's only gifts from employers.
Dated: 13-7-2017
Reply By Abhishek Jain as =
Dear madam,
Is it 50,000 per employee or 50,000 on all employees together.
Dated: 13-7-2017
Reply By sanjeev goel as =
Sir it is 50,000/- per employee.
Dated: 13-7-2017
Reply By pradeep kataria as =
Dear CS Swati
What would be the treatment where the employer provides services to its empoyees on concessional basis e.g. providing vehicle on concessional rent
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