The government is mulling some relief on the levy of goods and services tax (GST) on vouchers or gift cards offered by companies and retailers, addressing the issue of double taxation in some instances.
A host of retailers offer vouchers or gift cards to customers that can be redeemed for their products. A clarification on the issue is expected shortly, people familiar with the matter told ET.
Some vouchers have GST levied on them at the time of purchase, which leads to double taxation when they are used to buy goods or services that also include the tax.
Source: www.a2ztaxcorp.com
