Articles on Gst On Gifts
GST on Diwali gifts: Now Companies pay GST if you gift more than Rs.50,000 – Impact of GST on gifts
By Paras Mehra June 20, 2017
As per GST law, any gifts from employer to employee exceeding the value of Rs.50,000 shall be liable to GST in India. Hence, the employer who are gifting high value goods, like car, home, gold exceeding the value of Rs.50,000 shall be liable to GST.
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