“The Central Board of Indirect Taxes and Customs (CBIC) has stated in a recent announcement via circular number 243/37/2024 that gift vouchers and cards will not be charged Goods and Services Tax (GST). It was mentioned by the Central Board of Indirect Taxes and Customs (CBIC) the way the Goods and Services Tax (GST) applies to voucher transactions,” said Rajarshi Dasgupta, executive director-Tax, AQUILAW.
Source: www.business-standard.com
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