Gifts to employees

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....ifts to employees<br> Query (Issue) Started By: - SHYAM PATHAK Dated:- 31-10-2021 Last Reply Date:- 2-11-2021 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>Dear Sir, May we claim GST ITC on....

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.... gifts given to employees of above &#8377; 50000 or below 50000. Pls clarify. Reply By Shilpi Jain: The Reply: If given away as gifts not eligible as credit. However if it is given by way of an obl....

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....igation on the part of the employer, for the performance of the employee it will no more be a gift and would be eligible as a credit Reply By Ganeshan Kalyani: The Reply: Input tax credit is not eli....

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....gible on any item given away as &#39;free&#39;. However, as opined by Shilpi Mam if it is given as a token of appreciation for any achievement of the emplyee in job then it will no more be a gift and ....

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....hence credit would be eligible. Reply By KASTURI SETHI: The Reply: SH.SHYAM PATHAK JI, If it is given on the basis of performance, it is not a gift. Thus out of definition of &#39;gift&#39;. Examin....

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....e your issue from this point of view. Reply By Shilpi Jain: The Reply: Have a look at this article which discusses gift and obligation in the context of Manufacturer distributor https://www.taxman....

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....agementindia.com/visitor/detail_article.asp?ArticleID=8992<br> Discussion Forum - Knowledge Sharing ....