Some c 17(5) (h)
Rahul Khanna (59 Points)
23 November 2021but why becuase there is no consideration gift is free to its employees (no cost charge)
Rahul Khanna (59 Points)
23 November 2021
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 24 November 2021
Because it will be treated as supply even without consideration by virtue of Schedule-I
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4515 Points)
Replied 24 November 2021
There is a possibility to dispute the credit eligibility even if tax is paid under Sch 1 clause 2.
Rahul Khanna
(59 Points)
Replied 24 November 2021
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 24 November 2021
Output tax will have to be paid regardless of receiving anything from employees.
Rahul Khanna
(59 Points)
Replied 24 November 2021
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 24 November 2021
Employer will pay gst to government showing it as supply in his returns.
Claim of itc is debatable
Rahul Khanna
(59 Points)
Replied 24 November 2021