A private limited company made certain gifts to its employees as under : (i) Mr. P ₹ 60,000 (ii) Mr. Q ₹ 50,000 (iii) Mr. R ₹ 40,000 Which of the above gifts shall be liable to GST ?

CS Executive · Tax Laws · PYQS · June 2024
A private limited company made certain gifts to its employees as under : (i) Mr. P ₹ 60,000 (ii) Mr. Q ₹ 50,000 (iii) Mr. R ₹ 40,000 Which of the above gifts shall be liable to GST ?
(A) (i), (ii) and (iii)
(B) (i) and (ii) only
(C) Nothing is taxable
(D) (i) only

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Goods and Services Tax (GST)

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