Gifts above Rs 50,000 per year by an employer subject to GST: Government

The government clarified that the perquisites by the employer to the employee in terms of contractual agreement entered into between the employer and the employee, will not be subjected to GST.

What is the difference between a Money Bill & a Finance Bill?

The Lower House of Parliament i.e. Lok Sabha has today passed Four(4) Supplementary Bills of the GST which will pave the path for smooth roll out of GST from 1st July 2017.  Since this Bill has been passed as Money Bill passage of it from the Upper House i.e. Rajya Sabha will not be an…