GST Council likely to take up taxation of perquisites, interest computation on delayed payment

The GST Council is likely to clear the air on perquisites taxation and interest calculation for delayed payment of tax, among others, in its meeting scheduled to take place next week in Chandigarh.  Here, perquisites refer to benefits provided in cash or kind by an employer to employer and are part of the employee’s cost to company (C2C). These could include free membership of a club, health…