Vouchers to be provided to employees by employer shall stand out of the preview of GST since the same do not qualifies to be a supply in terms of Entry 1 of Schedule III of the CGST Act stating the services by employee to employer in the course of or in relation to employment to be treated neither as supply of goods … See more
https://taxguru.in/goods-and-service-tax/gst-implications-coupons-vouchers-related-instruments.html
It is quite a common practice now a day that company is offering to their consumers a shopping vouchers at a price less than the amount of benefits arising … See more
https://taxguru.in/goods-and-service-tax/gst-implication-vouchers-coupons-gift-cards.html
Another common practice is that the companies have come into an arrangement of buying a pre-printed meal vouchers which are given a specific nomenclature, … See more
It is a common practice that coupons purchased by the employer from the issuer company is of certain less price as stipulated on the said voucher i.e. voucher … See more
When such vouchers are being redeemed by the employees, the said coupons are duly verified and consideration in terms of the amount written on the said … See more
https://gsthero.com/gst-on-discounts-legal-provisions-pre-post-sale-discount-examples/
WEBJul 18, 2021 · In this article, author has analysed different kinds of transactions and GST implications on vouchers, coupons, gifts cards etc. ... What would be the rate of GST …
WEBApr 27, 2023 · Coupons & Gift Cards – Again, GST statute does not define coupons or gift cards; so, in a general sense ‘coupons’ & ‘gift cards’ can be considered a …
WEB3 days ago · Similarly, the transaction value / taxable value or the value of a supply does not include a few items, and a Discount on goods/services is one major part. Under …
WEBFeb 15, 2024 · However, such discounts shall be mentioned on the GST tax invoice (GST sales invoice). Lets understand the GST on discount with example: Example 1 – Mr X …
WEBDec 30, 2019 · So it may be allowed to be deducted from the transaction value. For this, XYZ Ltd will issue a credit note to customer for Rs. 40,320/- (5% of Rs. 6, 30,000/- = Rs …
https://icmai.in/TaxationPortal/upload/IDT/Article_GST/112_1803_21.pdf
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