TaxTMI 
TaxTMI 
GST on Gift Vouchers
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....ST on Gift Vouchers<br> Query (Issue) Started By: - Rohit Kumar Dated:- 22-5-2022 Last Reply Date:- 30-5-2022 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>Good Afternoon Everyone Let's....
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.... suppose there's a company A which is in the business of providing gift cards (for eg having a monetary value of Rs 100) to various MNC's which can be used by the employees of the MNC company ....
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....at any showroom. A MNC placed an order of 1 Gift card to A and transferred an amount of Rs 100 for the same. Now A has contacted an bank and transferred this 100 to them for providing the gift card.....
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.... Bank issued a gift card valued at 100 and provided the same to A, who delivered the same to MNC. Now as every time that card is used for a purchase bank deducts a fee of around 2 percent out of whic....
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....h a certain amount is provided to company A, as A brought the clients to the bank. For Every 100 Rs card, A gets around 1.15 Rs (this amount is fixed irrespective of the usage of the gift card) in th....
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....eir bank account as cashback. Is GST applicable on this transaction and what is the SAC code for the same?. Reply By Ganeshan Kalyani: The Reply: In my view Yes it is taxable Reply By Shilpi Jain....
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....: The Reply: The transaction fee and the fixed fee would be liable.<br> Discussion Forum - Knowledge Sharing ....