Home Forum Goods and Services Tax - GST Month 5 2020 2020 (5) This
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Gifts by employer to employee - Goods and Services Tax - GSTExtract Dear Sir Please clarify the below three queries: 1. Suppose an employer gives 60000/- in cash to his employee as gift. Will it cover in Sch-I ? 2. If gifts are given in kind to its employees whether the employer can avail ITC paid at the time of purchase of these gift items? 3. If employer pays incentive to its employees which is not mentioned in the employment contract and not part of his CTC but due to trend in industry he gives some incentive to some of his employees. Whether this will be covered in Schedule-I ? Please reply. Regards Archna Gupta
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