GST on Gifts to employee
GST on Gifts to employee I have provided a gift to the employee worth Rs 60000/-, for raising Tax Invoice what is Taxable Value? 1.Rs 10000/- i.e. (Rs 60000- Rs 50000(exempted value as per schedule I)) 2.Rs 60000/- My Opinion : Rs 10000 Should be Treated as Taxable Value for charging GST SCHEDULE I of CGST Act 2017 [See section 7]… Read More »