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TMI BlogGifts from the employers - GST provisionsX X X X Extracts X X X X X X X X Extracts X X X X ..... Gifts from the employers - GST provisions X X X X Extracts X X X X X X X X Extracts X X X X ..... GST). Also, the services by an employee to the employer in the course of or in relation to his employment is outside the scope of the new indirect tax regime, it said. Any club, health and fitness centre membership provided by an employer to its all employees free of charge will not be subject to GST. The same would hold true for free housing as part of costtocompany package. Also the finance mi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nistry said gifts of up to ₹ 50,000 in a year by an employer to his employee are outside the ambit of GST. "However, gifts of more than ₹ 50,000 made without consideration are subject to GST, when made in the course or furtherance of business," the ministry said. While the GST law does not define gifts, the ministry said for tax purposes gift is something that is made without ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... consideration, is voluntary in nature and is made occasionally. Reply By Sanndeep Kumar as = ₹ 50,000/- in a Year? and is there any exemption of gifts given on Festivals ? Dated: 13-7-2017 Reply By CS Swati Dodhi as = Yes ₹50,000/- for a year. Gifts will include gifts given on festivals adhering to maximum limit prescribed i.e. ₹50,000/-. Dated: 13-7-2017 Reply By sanjee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... v goel as = Only gifts from employer upto ₹ 50,000/- are out of GST or the gifts from anybody like free samples etc.?? Dated: 13-7-2017 Reply By CS Swati Dodhi as = As per my understanding it's only gifts from employers. Dated: 13-7-2017 Reply By Abhishek Jain as = Dear madam, Is it 50,000 per employee or 50,000 on all employees together. Dated: 13-7-2017 Reply By sanjeev goel ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as = Sir it is 50,000/- per employee. Dated: 13-7-2017 Reply By pradeep kataria as = Dear CS Swati What would be the treatment where the employer provides services to its empoyees on concessional basis e.g. providing vehicle on concessional rent basis for private use etc. ? Whether it falls under Schedule I or clause 4 of Schedule II. Since all perquisites provided by the employer to employe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e are part of CTC and hence is n't it out of GST purview as services provided by employee to employer is outside the purview of GST and hence payment of services provided by employee to employer should also be outside GST purview.
Please advice.
thanks
CA.Pradeep Kataria
Dated: 17-7-2017 X X X X Extracts X X X X X X X X Extracts X X X X
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