TaxTMI 
TaxTMI 
TaxTMI 
T-shirt/other complement given at Seminar
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....-shirt/other complement given at Seminar<br> Query (Issue) Started By: - Ganapati Mahabaleshwar Dated:- 20-7-2017 Last Reply Date:- 25-7-2017 Goods and Services Tax - GST<br>Got 10 Replies<br>GST<br>Dear sir we are software provider and we conduct meeting/seminar and we give T shirt and note book pen to participant. my question is does it attract GST. and can i take ITC for the same. If the com....
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....pany give T shirt to employee does it considered as gift or not. Regards Reply By Rajagopalan Ranganathan: The Reply: Sir, You are supplying T-Shirts, note book and pen to those who attend the seminar. I hope it is free of cost. If you include the cost in the fee, if any, you collect, then when paying GST on the event management service you can adjust the credit of GST paid on these articles a....
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....nd adjust the credit against payment of GST on the event management service provided by you. If you are not charging any fee from the participants, then the articles supplied by you are free of cost and the transaction value will be zero. Hence GST payable will also be zero. Reply By MARIAPPAN GOVINDARAJAN: The Reply: I endorse the views of Shri Rajagopalan Reply By KASTURI SETHI: The Reply: ....
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.... I support the views of both experts. Reply By Daniel Selvaraj: The Reply: Dear sir, If the company give T shirt to employee does it considered as gift or not. I hope it is assumed that the gifts are less than Rs. 50000/- per employee in a year including other gifts given to him or her. Reply By KASTURI SETHI: The Reply: It is a gift. Reply By MUKUND THAKKAR: The Reply: If the company give....
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.... T shirt to employee does it considered as gift or not. if company logo or name is there it is Indirectly Advertisement expenses. costs are including in your final product. need not to pay GST. Reply By Ganeshan Kalyani: The Reply: Gift by employer to employee upto Rs. 50 K is exempted from GST. Reply By KASTURI SETHI: The Reply: Rightly said by Sh.Ganeshan Kalyani, an expert. Reply By vk a....
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....garwal: The Reply: I agree with Mr rajagopalan Reply By subramanian vijayakumar: The Reply: Yes i agree with the views and it is correct<br> Discussion Forum - Knowledge Sharing ....