Premier Sales Promotion Pvt. Ltd Vs Union Of India
Date: January 16, 2023
Subject Matter
Supply of Vouchers (Pre-paid Payment Instrument) is NOT taxable as it is money. AAAR ruling quashed.
Summary
The definition of ‘vouchers’ as defined under the CGST Act, makes it clear that vouchers are mere instruments accepted as consideration for supply of goods or services. They have no inherent value of their own. As vouchers are considered…
This Writ Petition is presented with the following prayers: (i) quash the Order number KAR/AAAR/11/2021-22 dated December 22, 2021 passed by the Karnataka Appellate Authority for Advance Ruling; (ii) issue a suitable writ, order or direction as this Hon’ble Court may deem fit and proper to the Respondents to make suitable provisions in reference to the underlying subject of this writ; (iii)…