Contact us   Feedback   Annual Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

TAXABILITY (SERVICE TAX/ VAT) ON SALE OF GIFT VOUCHERS

VAT and Sales Tax - Started By: - Sudhir Goyal - Dated:- 24-1-2016 Last Replied Date:- 17-1-2017 - Dear Expert,Kindly assist me on following issue: Suppose an agent purchases gift vouchers (multipurpose voucher) having value of ₹ 2000 each from Flipkart @ ₹ 1800 and sold the same to company at @ ₹ 1900. Company distribute those gift voucher having value of ₹ 2000 each to its employee on some occasion and The gift voucher gives right to employees to claim them at Flipkart. .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ourt has held that Sodexo meal vouchers are utility goods- Octroi & LBT can be levied on the same. Sodexo has preferred an appeal against the verdict of Bombay High Court in Supreme Court and the Hon ble Supreme Court [Civil Appeal Nos. 4385-4386 of 2015, Dated: December 9, 2015] = 2015 (12) TMI 1041 - SUPREME COURT has held that Sodexo Vouchers are not goods and therefore not liable for Octroi or LBT under Section 2(25) of the Maharashtra Municipal Corporation Act, by setting aside the judg .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version