
🎁 That office gift might not be so tax-free after all! Did you know that under GST law, certain gifts given by an employer to an employee can actually attract GST? 😮 Here’s the rule in simple words 👇 👉 If the value of gifts given by an employer to an employee exceeds ₹50,000 in a financial year, it’s treated as a supply — and GST applies! 👉 But if it’s within ₹50,000, then no GST liability arises (phew 😅). 👉 Also, gifts given as part of employment contract (like salary, bonus, or incentives) are not taxable under GST — since they’re already covered under the employer-employee relationship. 🎯 In short: Not every gift is free — especially when GST is watching! 💡 Pro Tip: Keep a record of all non-monetary employee gifts throughout the year to avoid compliance surprises later. #TaxTalks #GSTExplained #EmployerEmployee #GSTIndia #TaxEducation #FinanceReel #IndianTaxation #SmallBusinessTips #GSTCompliance #TaxGuru #FinanceWithFacts #LearnFinance #GiftTax #BusinessOwnerIndia #CAStudents #TaxAwareness #AccountingTips
This post was published on 10th October, 2025 by Suraj on his Instagram handle "@myfintaxofficial (MYFINTAX | Finance & Tax Educator | CA Suraj Soni)". Suraj has total 116.1K followers on Instagram and has a total of 2.5K post.This post has received 26 Likes which are lower than the average likes that Suraj gets. Suraj receives an average engagement rate of 0.13% per post on Instagram. This post has received 0 comments which are lower than the average comments that Suraj gets. Overall the engagement rate for this post was lower than the average for the profile. #FinanceReel #EmployerEmployee #GSTCompliance #TaxGuru #TaxTalks #IndianTaxation #SmallBusinessTips #TaxEducation #GSTExplained #GSTIndia has been used frequently in this Post.