https://www.taxtmi.com/forum/issue?id=120423 When an employer transfers company assets to departing employees, GST treatment hinges on whether input tax credit was claimed: if ITC was availed, taxable value is the open market value even for discounted or free transfers; if ITC was not availed, GST is limited to the actual consideration received. Depreciation and written down value affect the computation but do not change these valuation principles. Applicable rules include valuation provisions, margin taxation where no ITC was claimed, and mechanisms for reversal or adjustment of previously availed input tax credit, with a narrow exemption for nominal employer gifts. en-us Fri, 05 Sep 2025 13:21:18 +0530 Mon, 08 Sep 2025 12:55:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120423 When an employer transfers company assets to departing employees, GST treatment hinges on whether input tax credit was claimed: if ITC was availed, taxable value is the open market value even for discounted or free transfers; if ITC was not availed, GST is limited to the actual consideration received. Depreciation and written down value affect the computation but do not change these valuation principles. Applicable rules include valuation provisions, margin taxation where no ITC was claimed, and mechanisms for reversal or adjustment of previously availed input tax credit, with a narrow exemption for nominal employer gifts. Discussion-Forum GST Fri, 05 Sep 2025 13:21:18 +0530 https://www.taxtmi.com/forum/issue?id=120423