Friends,
PFA 100 FAQs released by Govt on GST on 26.6.2017 based on queries on Twitter. Pl refer FAQ 68 relating to employees:
Q. Employer provides bus service,meal coupon, telephone at residence, gives vehicle for official and personal use, uniform and shoes. Any GST?
Ans.: Where the value of such supplies is in the nature of gifts,no GST will apply till value of such gifts exceeds Rs.50,000/- in a financial year.
Thanks
PFA 100 FAQs released by Govt on GST on 26.6.2017 based on queries on Twitter. Pl refer FAQ 68 relating to employees:
Q. Employer provides bus service,meal coupon, telephone at residence, gives vehicle for official and personal use, uniform and shoes. Any GST?
Ans.: Where the value of such supplies is in the nature of gifts,no GST will apply till value of such gifts exceeds Rs.50,000/- in a financial year.
Thanks
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