https://www.taxtmi.com/forum/issue?id=118636 Gifts from an employer to an employee exceeding the statutory high-value threshold are treated as deemed supply for GST, attracting GST and allowing the employer to claim input tax credit on purchase of such gifts; concurrently, such gifts are taxable as perquisites under income-tax law. Conflicting GST provisions that block ITC on goods disposed of by way of gift have prompted debate, but administrative clarification supports ITC availability when the gift is a deemed supply, with consequent accounting entries for staff welfare and recognition of outward supply tax invoices. en-us Tue, 11 Jul 2023 13:01:29 +0530 Thu, 23 Jan 2025 15:54:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118636 Gifts from an employer to an employee exceeding the statutory high-value threshold are treated as deemed supply for GST, attracting GST and allowing the employer to claim input tax credit on purchase of such gifts; concurrently, such gifts are taxable as perquisites under income-tax law. Conflicting GST provisions that block ITC on goods disposed of by way of gift have prompted debate, but administrative clarification supports ITC availability when the gift is a deemed supply, with consequent accounting entries for staff welfare and recognition of outward supply tax invoices. Discussion-Forum GST Tue, 11 Jul 2023 13:01:29 +0530 https://www.taxtmi.com/forum/issue?id=118636