The CBIC emphasised that transactions involving vouchers themselves, irrespective of their type, do not constitute the supply ...

India's CBIC clarified transactions involving vouchers do not constitute supply of goods or services and are not liable to ...

Last month, sources within the Ministry of Trade and Commerce told Outlook Business that there was an unexpected spike in ...

The CBIC has issued a clarification stating that gift vouchers and cards, including those not recognised by the RBI, are not ...

This notification shall come into force with effect from the 1st day of January, 2025. [F. No. CBIC-190354/236/2021-TRU] ...

Non-prepaid vouchers, which are neither prepaid instruments nor qualify as such but give the holder the right to certain ...

CBIC clarifies gift vouchers exempt from GST, underlying goods/services may be taxable, distributor commissions subject to ...

Popcorn flavoured with salt and spices that are not pre-packaged and labelled are taxed at 5%, while pre-packaged and ...

The Government of India’s Ministry of Finance, through the Central Board of Indirect Taxes & Customs (CBIC), marked the 75th anniversary of India’s Constitution on November 26 ...

The Central Board of Indirect Taxes and Customs (CBIC) has uncovered a GST evasion of Rs 26,543 crore in its second nationwide drive against fake input tax credit (ITC). From August 16 ...

The CBIC has rescinded customs duty deferment benefits available to solar power generation companies supplying electricity storing imported goods in customs bonded warehouses. In a notification ...

Starting April 1, 2025, airlines must share details of foreign travellers with Indian Customs, and will be penalized for ...