New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Gifts not exceeding_____in value in a financial year by

    an employer to an employee shall not be treated as supply of goods or services or both.
    A 50,000 Correct Answer Incorrect Answer
    B 25,000 Correct Answer Incorrect Answer
    C 30,000 Correct Answer Incorrect Answer
    D None of these Correct Answer Incorrect Answer

    Solution

    According to the Goods and Services Tax (GST) law in India, gifts not exceeding 50,000 in value in a financial year by an employer to an employee shall not be treated as the supply of goods or services or both. This means that such gifts are not subject to GST.

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