https://www.taxtmi.com/caselaws?id=269737 Meal vouchers issued under a regulated payment system were not "goods" for octroi or local body tax purposes because the issuer did not sell a commodity, but only facilitated settlement under the Payment and Settlement Systems Act, 2007 and RBI directions. The vouchers were non-transferable, not independently marketable, and functioned only as a payment medium within an employer perquisite arrangement; the underlying food or goods were supplied by affiliate merchants, not by the issuer. On that basis, the transaction retained the character of a service rather than a sale of goods, and the vouchers were held not to fall within Section 2(25) of the Maharashtra Municipal Corporation Act, 1949, so no octroi or local body tax was payable. en-us Wed, 09 Dec 2015 00:00:00 +0530 Tue, 15 Jul 2025 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269737 Meal vouchers issued under a regulated payment system were not "goods" for octroi or local body tax purposes because the issuer did not sell a commodity, but only facilitated settlement under the Payment and Settlement Systems Act, 2007 and RBI directions. The vouchers were non-transferable, not independently marketable, and functioned only as a payment medium within an employer perquisite arrangement; the underlying food or goods were supplied by affiliate merchants, not by the issuer. On that basis, the transaction retained the character of a service rather than a sale of goods, and the vouchers were held not to fall within Section 2(25) of the Maharashtra Municipal Corporation Act, 1949, so no octroi or local body tax was payable. Case-Laws VAT / Sales Tax Wed, 09 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269737