The council recently clarified that vouchers will not attract GST, as they are neither a supply of goods nor services. This resolves a long-standing ambiguity stemming from a Karnataka Authority for Advance Rulings verdict that deemed vouchers taxable as goods. Widely used for corporate gifting and promotional activities, gift vouchers had faced uncertainty regarding their taxability.
This story is from the December 25, 2024 edition of Financial Express Hyderabad.
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This story is from the December 25, 2024 edition of Financial Express Hyderabad.
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