GST DAILY – 172

GST shall be levied at time of redemption of Gift Vouchers if goods aren’t identified goods at the time of issuance

THE  MADRAS HIGH COURT in the case of KALYAN JEWELLERS INDIA LTD. V/s UNION OF INDIA, decided on 27-11-2023

👉 Issue:-

✔️ What are the Time of Supply in the case of sales promotion scheme using Gift Vouchers?

👉 The Hon’ble High Court Judgement:-

✔️ Petitioner, a public limited company engaged in manufacture and sale of ornaments in India formulated a sales promotion scheme using Gift Vouchers, sold both in retail outlets and online, as per section 12(4) for identified goods specified in vouchers, tax is payable at issuance, while for unspecified goods, tax is due at time of redemption, partly allowing writ petition for clarity on taxability of Gift Vouchers.

Section 12 of Central Goods and Services Tax Act, 2017 (With Picture)

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