As a part of promotional activities, the trend of issuing prepaid vouchers, coupons or gift cards has reached new heights. Though these terms are interchangeably used in the common parlance, GST implications on the same are different. In this article, author has analysed different kinds of transactions and GST implications on vouchers, coupons, gifts cards etc.
Source Taxguru
Latest Posts in "India"
- Industry Threatens Strike from January 15 Over Delayed GST Refunds
- Import of Restricted IT Hardware – Update
- Gujarat HC: Transfer of Industrial Leasehold Rights Not Taxable Under GST
- Kerala HC: IGST Credit in Electronic Ledger Can Offset CGST, SGST Liabilities and Vice Versa
- Gujarat HC: Refund of Compensation Cess ITC Allowed on IGST-Paid Exports, Statute Prevails
