Gift to employees, Goods and Services Tax - GST

[Ashiesh Prremji]

Dear Experts,

Please Clarify whether as per Schedule I gift in kind amount of 50,000/- by an employer to his employee is for per employee or all employees per Financial Year ?

Posts / Replies

[KASTURI SETHI]

It is per employee. the language is 'by an employer to an employee"

"Provided that gifts not exceeding fifty thousand rupees in value in a financial year by an employer to an employee shall not be treated as supply of goods or services or both.

[Ashiesh Prremji]

Yes Sir....Thanks for Clarification.