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…
Tag: sales promotion
Gift or not? The confusion over GST on promotional schemes run by businesses
In relief for businesses adopting newer promotional schemes to expand their businesses, the Karnataka Authority for Advance Ruling has allowed input tax credit benefits for performance-based promotional schemes.
No GST on issuance of Prepaid Payment Instrument vouchers
The Hon’ble Karnataka High Court in M/s Premier Sales Promotion Pvt Limited v. Union of India [Writ Petition No. 5569 of 2022 (T-RES) dated January 16, 2023] has set aside and quashed the order passed by AAAR, Karnataka, which upheld the…