CBIC clarifies rules, says no GST to apply on pre-paid gift vouchers, cards
The CBIC emphasised that transactions involving vouchers themselves, irrespective of their type, do not constitute the supply ...
GST on Old Used Cars: Tax Imposed Only When Sale Price Exceeds Depreciated Value
GST is applicable on the sale of old used cars only when the selling price exceeds the depreciated value, with a uniform rate ...
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GST Council Meeting: Here’s What Will Be Cheaper And What’s Set To Get Expensive
Vouchers: The GST Council has recommended no GST on the transaction in vouchers as they have been classified neither as a ...
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EXPLAINER: Why keeping GST simple is getting increasingly difficult
THE GST COUNCIL raised the tax rate on ready-to-eat popcorn to 18% in cases where it is mixed with sugar, thereby changing ...
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What the upcoming holiday GST relief will mean for consumers
The federal government's GST break will arrive this Saturday, just in time for the last stretch of holiday shopping.
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CBIC clarifies rules, says no GST to apply on pre-paid gift vouchers, cards
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 ...