Tax Body Clarifies: Employees Don't Need To Pay GST On Perks

The applicability of GST on perks had long been under contention.

Perks given by employers to employees are not subjected to the Goods and Services Tax (GST), the Board of Central Excise and Customs (CBIC) has clarified. 

According to a recent circular, services by an employee to the employer during employment will not be considered a supply of goods or services.

That is one of the many clarifications the CBIC has regarding implementing the decisions taken by the GST Council at its recent meeting in Chandigarh last week.