Gifts from the employers – GST provisions
By: – CSSwati Rawat
Goods and Services Tax – GST
Dated:- 12-7-2017<\/p>\n
Govt says gifts of up to ₹ 50,000 by employer exempt under GST
\nOn 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.
\nAny 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<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n tivals adhering to maximum limit prescribed i.e. ₹50,000\/-. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Gifts from the employers – GST provisionsBy: – CSSwati RawatGoods and Services Tax – GSTDated:- 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 … Continue reading “Gifts from the employers – GST provisions”<\/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-5981","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/5981","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=5981"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/5981\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\n Dated: 13-7-2017
\n Reply By sanjeev goel as =
\nOnly gifts from employer upto ₹ 50,000\/- are out of GST or the gifts from anybody like free samples etc.??
\n Dated: 13-7-2017
\n Reply By CS Swati Dodhi as =
\nAs per my understanding it's only gifts from employers.
\n Dated: 13-7-2017
\n Reply By Abhishek Jain as =
\nDear madam,
\nIs it 50,000 per employee or 50,000 on all employees together.
\n Dated: 13-7-2017
\n Reply By sanjeev goel as =
\nSir it is 50,000\/- per employee.
\n Dated: 13-7-2017
\n Reply By pradeep kataria as =
\nDear CS Swati
\nWhat would be the treatment where the employer provides services to its empoyees on concessional basis e.g. providing vehicle on concessional rent<\/p>\n
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