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.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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A person called to produce a document:
A Continuing Guarantee applies to_______________
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