Perquisites provided by the employer to the employee under the contractual agreement would not be considered as Supply under GST

Perquisites provided by the employer to the employee under the contractual agreement would not be considered as Supply under GST https://www.taxtmi.com/article/detailed?id=12442 Perquisites provided by an employer to employees under the employment contract are not a supply for GST purposes where provided pursuant to statutory obligations; payroll deductions collected from employees for mandatory canteen services supplied under labour law do not constitute a taxable supply by the employer. Where canteen provision is obligatory under factory law, the employer may claim input tax credit on GST charged by the canteen service provider to the extent of the employer's cost share. en-us Thu, 21 Mar 2024 09:26:17 +0530 Thu, 21 Mar 2024 09:26:17 +0530 TaxTMI RSS Generator Perquisites provided by the employer to the employee under the contractual agreement would not be considered as Supply under GST https://www.taxtmi.com/article/detailed?id=12442 Perquisites provided by an employer to employees under the employment contract are not a supply for GST purposes where provided pursuant to statutory obligations; payroll deductions collected from employees for mandatory canteen services supplied under labour law do not constitute a taxable supply by the employer. Where canteen provision is obligatory under factory law, the employer may claim input tax credit on GST charged by the canteen service provider to the extent of the employer's cost share. Articles Goods and Services Tax - GST Thu, 21 Mar 2024 09:26:17 +0530 https://www.taxtmi.com/article/detailed?id=12442