28 October 2022
I would like to know how the perquisite viz; Housing Vehicle should be treated by the consultant who is the recipient, in as much as by the Client the paymaster. Ramifications of GST too preferably, as to whether the contract of the consultant falls under Circular 172 of GST. Thanks
28 October 2022
Income tax applicable on such perks.
Any perquisites provided by the employer to its employees in respect of contractual agreement between them would not be subjected to GST this has been clarified vide Circular No. 172/04/2022-GST dated 6th July 2022.
CAclubindia
