Simplified Laws Guide to Taxation and Legal Concern Gifts up to a value of Rs 50,000/- per year by an employer to his employee are outside the ambit of GST. However, gifts of value more than Rs 50,000/- made without consideration are subject to GST, when made in the course or furtherance of business. It is being reported …
Read More »What constitutes a gift in the absence of definition in GST Law
