It is a common practice that coupons purchased by the employer from the issuer company is of certain less price as stipulated on the said voucher i.e. voucher worth INR 500 is being sold at INR 400 to the employer. The above scenario will be taxed the same as taxed in Scenario 1 discussed above and the taxable … See more
https://taxguru.in/goods-and-service-tax/gst-implications-coupons-vouchers-related-instruments.html
It is quite a common practice now a day that company is offering to their consumers a shopping vouchers at a price less than the amount of benefits arising … See more
Another common practice is that the companies have come into an arrangement of buying a pre-printed meal vouchers which are given a specific nomenclature, … See more
https://taxguru.in/goods-and-service-tax/gst-implication-vouchers-coupons-gift-cards.html
Vouchers to be provided to employees by employer shall stand out of the preview of GST since the same do not qualifies to be a supply in terms of Entry 1 of … See more
https://www.liveabout.com/how-do-i-charge-gst-hst-on-discounts-2948154
When such vouchers are being redeemed by the employees, the said coupons are duly verified and consideration in terms of the amount written on the said … See more
WEBWhen the coupon amount has been deducted from the price of an item before calculating the GST or HST, then no ITC would be claimed for the coupon. CRA Resources. …
https://www.franklyca.com/for-your-business-how-to-account-for-gst-on-coupons-issued/
WEBJul 18, 2021 · Introduction : As a part of promotional activities, the trend of issuing prepaid vouchers, coupons or gift cards has reached new heights. Though these terms are …
WEBJan 25, 2016 · The value of the coupons includes the GST/HST when used to purchase taxable supplies (other than zero-rated supplies). When you, as a vendor, accept a …
https://gsthero.com/gst-on-discounts-legal-provisions-pre-post-sale-discount-examples/
WEBFeb 15, 2024 · Under GST, valuation of taxable supply is a critical aspect. While value of supply under GST has various points need to be considered and one such area is GST …
https://www.taxjar.com/blog/calculations/2021-12-sales-tax-discounts-coupons-promotions
WEBDec 22, 2023 · Discounts: Percent and dollar. Because discounts are generally offered directly by the retailer and reduce the amount of the sales price and the cash received …
https://www.avalara.com/blog/en/apac/2020/03/gst-on-gift-vouchers-cards-and-coupons.html
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