In a recent clarification, the Central Board of Indirect Taxes and Customs (CBIC) provided insights into the goods and ...

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

Gift vouchers will not attract GST, Central Board of Indirect Taxes & Custom (CBIC) clarified in a circular on Wednesday. This clears the air after a number of contrary rulings by the Authority of ...

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

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

Popcorn flavoured with salt and spices that are not pre-packaged and labelled are taxed at 5%, while pre-packaged and ...

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

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 ...

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

Himachal Pradesh High Court held that benefit of late fee waiver under notification no. 07/2023 dated 31.03.2023 for delayed ...