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GST ON VOUCHER
Looking for cashback and rewards? These 5 credit cards suit frequent buyersRegular shoppers can significantly boost savings with the right credit card, earning cashback, reward points, and discounts on various plat...
Rs 2 lakh worth earning from credit card reward points, here’s how a techie working in Pune did it using these HDFC Bank credit cardsSuraj Kumar Talreja, a Pune-based techie, cleverly utilized his HDFC BizBlack and Infinia credit cards to accumulate Rs 2 lakh worth of rew...
HDFC Bank revises lounge access policy for these credit card users effective from June 10, 2025HDFC Bank is revising its lounge access policy for Tata Neu Infinity and Plus credit cardholders, effective June 10, 2025. Domestic lounge ...
Is GST payable on gift card, voucher purchase? Govt clarifiesIn the electronic commerce space, vouchers have become a widely used tool to enhance customer engagement, drive sales, and optimize loyalty...
Voucher transactions not liable to GST: CBICIndia's CBIC clarified transactions involving vouchers do not constitute supply of goods or services and are not liable to GST. GST will on...
India considers exempting gift vouchers from GST; Council to discuss key issuesThe GST Council is contemplating exempting gift vouchers from GST and reducing tax rates on insurance premiums. They are also considering a...
Gift vouchers won't attract GST, clarifies CouncilThe GST Council declared that voucher transactions will not be subject to GST, providing relief to retailers. This decision clarifies that ...
GST Council meeting begins: Tax rate on electric cars, food delivery apps and flavoured popcorn on cardsThe 55th GST Council meeting in Jaisalmer deliberated on tax relief for insurance, increasing the tax rate on used EVs to 18%, clarifying t...
On offer: Govt mulls some relief on levy of GST on vouchers and gift cardsSome vouchers have GST levied on them at the time of purchase, which leads to double taxation when they are used to buy goods or services t...
To pay or not to pay: High Court decides on the levy of GST on vouchersThe ever-growing demand of vouchers is being satiated by companies who procure vouchers from their issuers and supply them to buyers. Till ...
Gift or not? The confusion over GST on promotional schemes run by businessesWhile the term ‘business’ has been defined under the Central Goods and Services Tax Act, 2017 (the CGST Act), there is no definite yardstic...
How to claim LTC Cash Voucher exemption in your income tax returnAs per the government, individuals having LTC/LTA in their salary package would have been unable to travel and claim income tax exemption o...
Confusion over when to levy GST on gift vouchers and gift cards finally gets clearedLevying Goods and Services Tax (GST) on gift vouchers and gift cards has been a complicated matter that may just have been eased out follow...
Prepay these common services to avail LTC Cash Voucher Scheme benefitServices that attract more than 12 per cent Goods and Services Tax (GST) include TV DTH recharge (TATA Sky, Airtel Digital TV etc.), Intern...
Renewal insurance premium excluded from LTC cash scheme: Does this apply to motor, health covers?The FAQs No 3 issued by the Finance Ministry on LTC Cash Voucher Scheme does not clarify whether payment of insurance premium refers to all...
Employees can buy goods in family member's name under LTC scheme: Finance MinistryGovernment on October 12 announced the LTC cash voucher scheme under which employees can purchase any goods or services with a GST rate of ...
Govt employees can submit multiple bills to avail LTC cash voucher scheme benefitThe Expenditure Department, under the Ministry, has issued a set of FAQs (Frequently Asked Questions) on LTC cash voucher scheme, clarifyin...
India should adopt Singapore's ‘GST voucher scheme' to help lower, middle income groups: ExpertsOne aspect of Singapore GST that can be adopted in India is the voucher system which provides benefits even to non-registered citizens of S...
GST and mobile phone bills: Impact on post-paid and pre-paid usersUnder the new GST regime, if your current postpaid bill is Rs 500, you will have to shell out Rs 590. It is Rs 15 more than what you are cu...
Telecom companies to absorb GST burden on prepaid usersFull talk-time prepaid vouchers, typically range between Rs 100 and Rs 1,000, and the inclusive service tax component is fully absorbed by ...