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Gift to employees
GST applicability on Gift in the form of cheque exceeding value of Rs. 50,000 given by employer to employee. Please let me knoe whether this transaction is taxable or not
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gifts of value more than Rs 50,000/- made without consideration are subject to GST, when made in the course or furtherance of business.
As per the explanation to section 15 of the CGST Act, 2017 employer and employee shall be deemed to be related persons.
As per the explanation to section 15 of the CGST Act, 2017 employer and employee shall be deemed to be related persons.
Thank you for valuable suggestion sir. I need one more clarification whether it is supply of goods or services and rate of tax
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