The CBIC has issued a clarification stating that gift vouchers and cards, including those not recognised by the RBI, are not ...

GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing ...

The CBIC emphasised that transactions involving vouchers themselves, irrespective of their type, do not constitute the supply ...

India's CBIC clarified transactions involving vouchers do not constitute supply of goods or services and are not liable to ...

The court's decision not only alleviates the financial strain on affected businesses but also addresses long-standing ...

Popcorn flavoured with salt and spices that are not pre-packaged and labelled are taxed at 5%, while pre-packaged and ...

Non-prepaid vouchers, which are neither prepaid instruments nor qualify as such but give the holder the right to certain ...

CBIC clarifies gift vouchers exempt from GST, underlying goods/services may be taxable, distributor commissions subject to ...

The Reserve Bank of India (RBI) categorizes them as prepaid instruments, while the Central Board of Indirect Taxes and Customs (CBIC) has provided detailed clarifications on their treatment under the ...

The 55th meeting of the GST Council was held in Rajasthan's Jaisalmer on December 21. Union Finance Minister Nirmala Sitharaman said the Group of Ministers (GoM) on GST rate rationalisation postponed ...

Gift vouchers are exempt from GST, but commissions and services linked to them remain taxable under GST rules.

In a recent clarification, the Central Board of Indirect Taxes and Customs (CBIC) provided insights into the goods and services tax (GST) treatment of transactions involving vouchers. Illustration ...