https://www.taxtmi.com/forum/issue?id=118703 When an employer supplies an item to an employee and ITC on that item is not available, the perquisite is valued at the employer's total cost inclusive of GST. For gifts that trigger a deemed supply under GST (gifts above the specified threshold), forum contributors-citing a government circular on gifts and ITC-conclude the perquisite value remains the original inclusive cost and should not be increased by separately adding GST on a deemed supply, although a dissenting view was recorded. en-us Fri, 18 Aug 2023 15:21:10 +0530 Thu, 23 Jan 2025 14:23:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118703 When an employer supplies an item to an employee and ITC on that item is not available, the perquisite is valued at the employer's total cost inclusive of GST. For gifts that trigger a deemed supply under GST (gifts above the specified threshold), forum contributors-citing a government circular on gifts and ITC-conclude the perquisite value remains the original inclusive cost and should not be increased by separately adding GST on a deemed supply, although a dissenting view was recorded. Discussion-Forum Income Tax Fri, 18 Aug 2023 15:21:10 +0530 https://www.taxtmi.com/forum/issue?id=118703