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TMI BlogGifts to employeesX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, May we claim GST ITC on gifts given to employees of above ₹ 50000 or below 50000. Pls clarify. - Reply By Shilpi Jain - The Reply = If given away as gifts not eligible as credit. H ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... owever if it is given by way of an obligation on the part of the employer, for the performance of the employee it will no more be a gift and would be eligible as a credit - Reply By Ganeshan Kalyani ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - The Reply = Input tax credit is not eligible on any item given away as 'free'. However, as opined by Shilpi Mam if it is given as a token of appreciation for any achievement of the emplyee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in job then it will no more be a gift and hence credit would be eligible. - Reply By KASTURI SETHI - The Reply = SH.SHYAM PATHAK JI, If it is given on the basis of performance, it is not a gift. T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hus out of definition of 'gift'. Examine your issue from this point of view. - Reply By Shilpi Jain - The Reply = Have a look at this article which discusses gift and obligation in the conte ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xt of Manufacturer distributor https://www.taxmanagementindia.com/visitor/detail_article.asp?ArticleID=8992 - Gifts to employees - Query Started By: - SHYAM PATHAK Dated:- 31-10-2021 Goods and Ser ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vices Tax - GST - Got 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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