Myntra Designs Private Limited ., In re
Date: February 24, 2023
Subject Matter
No ITC on vouchers procured from third party vendors that are made available to customers against redemption of loyalty points. AAR ruling upheld.
Summary
The primary condition for eligibility to input tax credit is that there should be an inward supply of either goods or services or both on which tax is charged by the supplier. In this case, as held by the Karnataka High Court in the decision cited su…
1. At the outset we would like to make it clear that the provisions of CGST, Act 2017 and SGST, Act 2017 are in pari materia and have the same provisions in like matter and differ from made to such dissimilar provisions, a reference to the CGST Act would also mean reference to the corresponding similar provisions in the KGST Act. 2. The present appeal has been filed under section 100 of the Centra…