GST on fringe benefits provided to Employees

By | August 30, 2017
(Last Updated On: August 30, 2017)

Q.43 What kind of facilities provided by employer to employee would be liable to GST? For instance, whether club membership provided will be considered as” service”?

Ans The compensation to employees in the form of money is not a supply. However, fringe benefits are supply of goods or services and are liable to tax if not exempted. These are transactions in furtherance of business and even if supplied without consideration, the same are deemed supply.

 

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About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com

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