Employees benefit
Lakhbir sauja (43 Points)
02 June 2021
A Factory has given 250000 to one of employee for Haj tour ,whether it is a supply as per clause B Schedule I of Gst
4 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 02 June 2021
No it is not supply as per GST acte
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 02 June 2021
I think gifts to employees exceeding 50k is subject to GST
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 02 June 2021
Gifts upto a value of Rs 50,000/- per year by an employer to his employee are outside the ambit of GST. However, gifts of value more than Rs 50,000/- made without consideration are subject to GST, when made in the course or furtherance of business. But in this case whether it is for furtherance of business??
anil jain
(Partner)
(1072 Points)
Replied 02 June 2021
since relation ship is employee employer
in my opinion
gift is part of salary and not covered under supply under gst
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