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| July 17, 2017 12:24 PM 1 |
Total Posts: 4
Join Date: August 22, 2016
Rank: Beginner
Post Date: July 18, 2017
Posts: 4
Location: India
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Impact of GST on Payroll
Hello,
I would like to know the impact, if any, of GST on the payroll and salary of employees .
Can someone share light on this please?
Thanks, Vikas |
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| July 17, 2017 12:292 |
ramadhish.i
Total Posts: 4
Join Date: August 22, 2016
Rank: Beginner
Post Date: July 17, 2017
Points: 20
Location: India
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Re: Impact of GST on Payroll
Dear Vikas,
GST is an indirect tax and as such has nothing to do with income tax or TDS. Therefore, it is more relevant for businesses and not for salaried people. Having said, the impact shall be on all the expenses pertaining to restaurants, movies, shopping, consulting and etc.
Ramadhish
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| July 18, 2017 01:513 |
paromita_s
Total Posts: 13
Join Date: August 22, 2016
Rank: Executive
Post Date: July 18, 2017
Points: 65
Location: India
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Re: Impact of GST on Payroll
It is worth noting here that GST would be payable if there is a supply of free goods or services to an employee exceeding the stipulated sum, if an employee avails of a company asset for personal use (say , a car), it would trigger GST.
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| July 18, 2017 02:334 |
gkv
Total Posts: 21
Join Date: August 22, 2016
Rank: Executive
Post Date: July 18, 2017
Points: 105
Location: India
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Re: Impact of GST on Payroll
Dear all,
To add to response of Paromita, let me cite an example wherein if a company provides a car to an employee for his use (both official and private) the usage could be considered as a supply of service to the employee, which is a taxable event for GST.
Gkv
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