(1) Where a person registered or eligible to be registered makes a supply of an in-kind benefit instead of cash money to any of his employees or officers‚ such a supply shall be treated to have been made for personal use.

(2) Where a person, registered or required to be registered supplies to any of his officers or employees a service or an immovable property without a consideration or at a price less than the fair market price, the value of such service or such immovable property shall be its fair market price.