The Appellate Authority for Advance Ruling (AAAR) of the Tamil Nadu bench has clarified that the Goods and Services Tax (GST) must be levied on the underlying goods or services at the time of redemption of pre-paid instruments given as gifts or vouchers.
Source: cleartax.in
Latest Posts in "India"
- GST Council to Discuss Simplifying Tax Regime, Reducing Levies on Cement, Services, and Insurance
- GST Council to Discuss Moving Food, Textile Products to 5% Tax Bracket in September Meeting
- Auto Industry Urges Quick GST Rate Implementation to Boost Festive Season Sales
- GST Council to Discuss Sin Goods Tax, Rate Structure Overhaul, and Future Cess Plans
- GST Council to Consider Raising Maximum Slab Rate Beyond 40% for Luxury and Sin Goods
