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gst on reimbursement of petrol allowance, Goods and Services Tax - GST |
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gst on reimbursement of petrol allowance |
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our company some employee use company car for home-office-home, and fill petrol in this car from own pocket, after month complete company reimbursement of monthly total petrol amount as per bill, in this case gst is applicable or not Posts / Replies Showing Replies 1 to 6 of 6 Records Page: 1
If th bill is more than 50000 for any employee gst is leviable,
No GST is applicable if the petrol reimbursement is a part of CTC (Salary).
The threshold limit ₹ 50,000/- is only for gift and not for reimbursement.
Yes it is not gift it is reimbursement. Gst will be leviable
Please refer q. 68 of tweet FAQ ref. cbec.gov.in
The activities of travel and some other expenses being incurred by the employee while on travel or duty/work for the employer will be covered within the meaning of ‘in the course of employment’ and thus be covered in Schedule III and out of GST above condition is right or worng Page: 1 Old Query - New Comments are closed. |
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