Kalyan Jewellers India Limited Vs Union Of India
Date: November 27, 2023
Subject Matter
If the gift vouchers are issued for a specified item of specified value, tax is payable at the time of issuance, and if not, tax is payable at the time of redemption
Summary
The case law concerns the issue of tax liability on the issuance and redemption of gift vouchers by a company. The petitioner sought clarification on whether the issue of own closed Pre-Paid Instruments (PPIs) by the company to their customers should…
FULL TEXT OF THE JUDGMENT/ORDER OF MADRAS HIGH COURT The petitioner is aggrieved by the Impugned Order dated 22.06.2021 bearing reference No.AAAR/11/2021 dated 30.03.2021 – ROM passed by the second respondent/Tamil Nadu State Appellate Authority for Advance Ruling (hereinafter referred to as TNSAAAR) under Section 102 of the respective GST enactments viz., Central Goods and Services Tax Act,…