From canteen to medical insurance, GST Council provides much-awaited relief on employee perks

In the last meeting, the  GST Council  promised to issue clarifications relating to various  Input Tax Credit  ( ITC ) issues under GST. Keeping its promise, the  CBIC  has issued a circular clarifying various ITC-related issues in respect of perquisites provided by employers to its employees and leasing of assets.  The  GST law  was amended on 1 Februa…