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gift to employee
if i gifed amout of rs.70000 to my employee as 30000,10000,30000 in these months june july and september respectively then does it will be liable to tax ?
Replies (2)
GST is Chargable for Value of gift Exceeds Rs. 50,000/- during financial year
so it is clear that value should not exceed Rs. 50,000/-,
but I am not completely sure about cash paid or Gift in the form of other goods/thing
If cash is paid then it will not be taxable under GST it may be treated as bonus
if you want to give gift to employee don't give them in kind gift them in cash and so it is a bonus because bonus is not eligible for charging GST
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