Wednesday, 29 March 2017

Amenities to employees outside CTC may trigger GST liability

So, Who thinks GST will be Simple Form of Taxation. One thing is sure whenever Govt says we are going to make things simpler or better, be ready for more complications. Now perquisites will not be matter of attraction just for Income Tax Officers, But GST officers would also love to review Salary Packages with all benefits of big bosses to meet their tax collection targets. My Accountant Friends asked me, GST ke aane ke baad to hum bekar ho jayenge, bus return bharo aur chutti, I told them, Mitron, thoda intzar to karo, Bahut maja aane wala hai. Chutti nahi milegi, kaam badne wala hai. :)

Link :  http://retail.economictimes.indiatimes.com/news/industry/amenities-to-employees-outside-ctc-may-trigger-gst-liability/57885167

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