No GST on Issuance of Prepaid Payment Instrument Vouchers

The Karnataka High Court recently quashed the AAR and AAAR rulings on applicability of Goods and Services Tax (GST) on issuance of vouchers. The Court held that no GST was applicable on the vouchers in the nature of prepaid payment instruments issued by the assessee. The company in question procures pre-paid payment instruments (gift vouchers,…

Source Taxscan


VAT news


  • VAT news