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Madras high court clarifies on gift voucher GST

IndiaTimes Wednesday, 24 January 2024
The Madras high court clarifies the levy of GST against gift vouchers, stating that they are 'actionable claims' and not a supply of goods or services. The court rejects the notion that the 'time of supply' is exclusively the date of issuance, instead determining tax liability based on the transaction's inherent nature.
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