As per the new GST rules, a gift from the employer to the employee upto Rs 50,000.00 is exempt from GST. Extention of the gift amount, use of the buisness resources that can be treated as a service or a supply then it attract tax on the employer's part.
As per the Finance Bill 2017, amendment to section 56(2). In a single tax year, if there is a monetary gift above Rs 50,000, then it is taxed, If a property above Rs. 50,000 is given to the employee without consideration or inadequate consideration, then it would be taxed.
As far as I understand, If you can keep the value less than 50,000 in the concerned tax year period, then there shouldn't be any issues. But please inform the employees that if they have plans of claiming any gift from other sources for the same year that you are going to give them the money as an employer, then that would attract tax.
PLEASE DISCUSS WITH YOUR C.A OR TAX CONSULTANT.