GST to corporate for meal cards
Hi everyone. I have query specific to meal cards. Is the benefit which is given to the employees in the form meal cards attracts GST to the employer and also the employee in any way.
there is lot of confusion in this regards and appreciate if you could help here
Regards
Manish
regards
Manish
GST on Meal Cards: ITC Available Under Section 17(5)(b)(i) if Essential for Business; Tax on Recovered Amounts Applies A query was raised about the applicability of Goods and Services Tax (GST) on meal cards provided to employees. One response cited Section 17(5)(b)(i) of the CGST Act, 2017, explaining that input tax credit (ITC) is available if meal cards are necessary for business operations. Another response clarified that if meal cards are provided free of charge (FOC), no GST is applicable, but GST must be paid on any recovered amount from employees, as clarified by an Advance Ruling. (AI Summary)
Goods and Services Tax - GST