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GST Exemption On Gifts Worth Upto Rs. 50,000 By Employer
aasavri Rai
12 July 2017 10:10 AM IST
Gifts up to 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.It is being reported that gifts and perquisites supplied by companies to their employees will be taxed under GST.The question arises as to...
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