
Gifts are also under GST
Gifts up to a value of Rs 50,000/- per year by an employer to his employee are outside the ambit of GST.
— Ministry of Finance (@FinMinIndia) July 10, 2017
However, gifts of value more than Rs 50,000/- made without consideration are subject to GST, when made in course or furtherance of business.
— Ministry of Finance (@FinMinIndia) July 10, 2017
Published on:
11 Jul 2017 12:56 pm
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