Court :
AAAR, Tamil Nadu
Brief :
The AAAR, Tamil Nadu in the matter of Kalyan Jewellers India Ltd. [Order-in-Appeal No. AAAR/11/2021 (AR), dated March 30, 2021] modified the order passed by the AAR, Tamil Nadu to the extent that vouchers are neither good nor service and the Central Goods and Services Tax Act, 2017 ('CGST Act'), recognized it as an instrument of consideration (non-monetary form) for future supply. Further, Held that, Goods and Services Tax ('GST') will be levied at the time of issue of the voucher and not at the time of actual availing of service or time of redeeming the voucher as the supply is deemed to have been made at the time of issue of voucher itself.
Citation :
Order-in-Appeal No. AAAR/11/2021 (AR), dated March 30, 2021
Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.
CCI PRO annual subscription :
Duration : 1 year
(Prices Inclusive of GST)