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Understanding GST treatment of gift cards and vouchers

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Manage episode 478404073 series 3511885
Content provided by EY India. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by EY India or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode of the Indirect Tax insights Podcast, Bipin Sapra,Partner - Leader, Indirect Tax Economic Policy, EY India, is joined by Jayashree Parthasarathy, Partner, Indirect Tax, EY India. Together, they unravel the complexities of taxation on gift cards and vouchers under the GST regime.

Discover key insights on:

  • The evolution of tax treatment for vouchers in India.
  • Clarifications issued by the GST Council on P2P and P2A voucher models.
  • The taxation of breakage income and its implications for businesses.
  • The elimination of distinctions between general and specific vouchers for a simplified approach.

Gain valuable perspectives on how these changes impact industries and businesses dealing with gift cards and vouchers.

Tune in for an insightful discussion on the evolving landscape of voucher taxation in India - https://www.ey.com/en_in/media/podcasts/indirect-tax-insights/episode-3-understanding-gst-treatment-of-gift-cards-and-vouchers

#GiftCardTaxation #GSTInsights #IndirectTax #EYIndia #TaxationPodcast #VoucherIndustry #P2PvsP2A #BreakageIncome #TaxPolicy #TaxClarity #EYPodcast #BipinSapra #JayashreeParthasarathy

  continue reading

99 episodes

Artwork
iconShare
 
Manage episode 478404073 series 3511885
Content provided by EY India. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by EY India or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode of the Indirect Tax insights Podcast, Bipin Sapra,Partner - Leader, Indirect Tax Economic Policy, EY India, is joined by Jayashree Parthasarathy, Partner, Indirect Tax, EY India. Together, they unravel the complexities of taxation on gift cards and vouchers under the GST regime.

Discover key insights on:

  • The evolution of tax treatment for vouchers in India.
  • Clarifications issued by the GST Council on P2P and P2A voucher models.
  • The taxation of breakage income and its implications for businesses.
  • The elimination of distinctions between general and specific vouchers for a simplified approach.

Gain valuable perspectives on how these changes impact industries and businesses dealing with gift cards and vouchers.

Tune in for an insightful discussion on the evolving landscape of voucher taxation in India - https://www.ey.com/en_in/media/podcasts/indirect-tax-insights/episode-3-understanding-gst-treatment-of-gift-cards-and-vouchers

#GiftCardTaxation #GSTInsights #IndirectTax #EYIndia #TaxationPodcast #VoucherIndustry #P2PvsP2A #BreakageIncome #TaxPolicy #TaxClarity #EYPodcast #BipinSapra #JayashreeParthasarathy

  continue reading

99 episodes

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