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Gifts by employer to employee

CA Sapna Ghelani (Chartered Accountant) (7550 Points)

10 March 2021

What is the provision for gifts by employer to employee wrt supply under GST

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3 Replies

CA Mukesh Soni (Practicing Chartered Accountant) (55 Points)
Replied 10 March 2021

I think taxable if more than 50k

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prasad Nilugal (3914 Points)
Replied 10 March 2021

Less than 50k Gift by employer to employee will not treated as supply Goods or Services or both as per schedule I of CGST act 2017

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 10 March 2021

It is being reported that gifts and perquisites supplied by companies to
their employees will be taxed in GST. 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.