Gifts up to a value of ₹ 50,000\/- per year by an employer to his employee are outside the ambit of GST. However, gifts of value more than ₹ 50,000\/- made without consideration are subject to GST, when made in the course or furtherance of business – Goods and Services Tax – GST – Dated:- 10-7-2017 – It is being reported that gifts and perquisites supplied by companies to their employees will be taxed under GST. Gifts upto a value of ₹ 50,000\/- per year by an employer to his employee are outside the ambit of GST. However, gifts of value more than ₹ 50,000\/- made without consideration are subject to GST, when made in the course or furtherance of business. The question arises as to what constitutes a gift. Gift has not b<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Gifts up to a value of ₹ 50,000\/- per year by an employer to his employee are outside the ambit of GST. However, gifts of value more than ₹ 50,000\/- made without consideration are subject to GST, when made in the course or furtherance of business – Goods and Services Tax – GST – Dated:- … Continue reading “Gifts up to a value of ₹ 50,000\/- per year by an employer to his employee are outside the ambit of GST. However, gifts of value more than ₹ 50,000\/- made without consideration are subject to GST, when made in the course or furtheranc”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-5954","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/5954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5954"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/5954\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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