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

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

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

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

Now taxpayers get relief from multiple GST notices pertaining to similar issue as these multiple notices will now be heard by ...

The court's decision not only alleviates the financial strain on affected businesses but also addresses long-standing ...

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

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

The Finance Ministry wants to review a Supreme Court ruling letting real estate companies claim input tax credits on construction costs for renting. They believe there was a legislative error and seek ...

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 ...

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

In a recent clarification, the Central Board of Indirect Taxes and Customs (CBIC) provided insights into the goods and services tax (GST) treatment of transactions involving vouchers. Illustration ...