Gst in employee and employer relationship
Harshit Acharya (404 Points)
13 April 2020But, there is a provison that transaction between employer and employee is taxable only if it is greater than 50,000.
Aren't both contradicting?
Harshit Acharya (404 Points)
13 April 2020
AMIT PURUSHOTTAM JOSHI
(15 Points)
Replied 13 April 2020
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4515 Points)
Replied 13 April 2020
Agree with Amit. But please note, schedule III covers - services by employee to employer only (not vice versa).
That is why there is ambiguity in taxation of recoveries made by employer for services rendered by employer to employee.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 14 April 2020