TaxTMI 
TaxTMI 
Dear Experts,
Please Clarify whether as per Schedule I gift in kind amount of 50,000/- by an employer to his employee is for per employee or all employees per Financial Year ?
Gift to employees
29 Sep 2021 
2 Replies 
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Employee gift exemption: gifts by an employer to each employee in a financial year are not treated as supply.
The provision excludes from supply gifts not exceeding the prescribed value in a financial year by an employer to an employee; the wording indicates the exemption applies to gifts made by an employer to an individual employee, so each qualifying gift to an employee is treated as not being a supply for GST purposes. (AI Summary)
The provision excludes from supply gifts not exceeding the prescribed value in a financial year by an employer to an employee; the wording indicates the exemption applies to gifts made by an employer to an individual employee, so each qualifying gift to an employee is treated as not being a supply for GST purposes. (AI Summary)