The CBIC emphasised that transactions involving vouchers themselves, irrespective of their type, do not constitute the supply ...

The CBIC has issued a clarification stating that gift vouchers and cards, including those not recognised by the RBI, are not ...

India's CBIC clarified transactions involving vouchers do not constitute supply of goods or services and are not liable to ...

GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing ...

CBIC clarifies gift vouchers exempt from GST, underlying goods/services may be taxable, distributor commissions subject to ...

The Reserve Bank of India (RBI) categorizes them as prepaid instruments, while the Central Board of Indirect Taxes and Customs (CBIC) has provided detailed clarifications on their treatment under the ...

Non-prepaid vouchers, which are neither prepaid instruments nor qualify as such but give the holder the right to certain ...

Gift vouchers are exempt from GST, but commissions and services linked to them remain taxable under GST rules.

The 55th meeting of the GST Council was held in Rajasthan's Jaisalmer on December 21. Union Finance Minister Nirmala ...

Prepaid vouchers, such as gift cards and digital wallets, are recognised by the Reserve Bank of India (RBI) as prepaid ...