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GST VOUCHER PAYMENTS
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...
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...
GST Council approves 'Track and Trace Mechanism' to curb evasionThe GST Council approved a 'Track and Trace Mechanism' for evasion-prone goods, using unique identification markings. Rate cuts were announ...
How about government giving 'consumption vouchers' to boost Indian economy?CII proposes consumption vouchers for low-income citizens to boost demand. The vouchers can be used for specific goods and services. CII al...
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 ...
Forgot to submit LTC cash scheme bills to employer? You may be able to claim tax break in ITRWhat happens if the bills were not submitted to the employer before the March 31 deadline under the LTC Cash Voucher Scheme? As per charter...
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...
Deadline to submit bills/claims under LTC Special Cash Package for central govt employees extendedThe LTC Cash Voucher scheme was announced by the Finance Minister Nirmala Sitharaman in October 2020 to boost consumer demand and to provid...
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...
LTC Cash Voucher Scheme: 42 queries answered by governmentThe government has announced the LTC Cash Voucher Scheme in lieu of LTC travel scheme via a press conference dated October 12, 2020. As the...
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...
LTC Cash Voucher Scheme notified in Budget 2021The benefit of the LTC Cash Voucher scheme is available in the old tax regime. If an individual opts for the new tax regime, then tax benef...
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 ...
No additional compliance burden on private companies for LTC scheme: Finance SecretaryUnder the new scheme, employees will have to submit to their companies bills indicating expenditure of an amount 3-times of the LTC. The co...
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...
Dineout launches vouchers to offer financial support to Indian restaurants amidst Covid-19 crisisThese vouchers available in Rs 1,000 denominations would help support restaurants, as Dineout will transfer the funds to the restaurants at...
Friendly advance ruling mechanism to smoothen ride under GST regimeIndia is planning a shift toward a litigation-free environment under GST that would allow all taxpayers to ascertain liabilities beforehand.