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Indirect Taxation

Sir see note point Chart relates to gift by employer to employee not interns of employment Does it mean if gift is given by er to ee in the employment not subjected to gst?

Banda Veeresh

CA Inter

★ 35K+

20-Jan-21 22:12

367

Answers (1)

Gifts by an employer to an employee, not exceeding 50,000rs in value in a financial year shall not be treated as supply of goods or services. If it exceeds 50,000 rs GST is payable by employer (supplier)