Devaluation Possible devaluation on Voucher purchase (GST on Voucher!!!)

[billion.bx]

The GST Council is discussing on taxing the Vouchers and current discussion is whether same would be taxed as Sale of service (18% GST) or Sale of goods. High chances that the tax will be applicable on it.

It will be one of the biggest devaluation in the history of credit card benefits if it comes true.

 

[HumorSimpson]

 

[newinnov]

Tai is hell bent on sucking middle class oil! 🤬

 

[aniketkr.sharma]

The GST Council is discussing on taxing the Vouchers and current discussion is whether same would be taxed as Sale of service (18% GST) or Sale of goods. High chances that the tax will be applicable on it.

It will be one of the biggest devaluation in the history of credit card benefits if it comes true.


View attachment 77850

We are still getting it applied on AGV'S what will happen if this will be applicable, will the charged doubled and if doubled who will gonna purchase those by paying 6-7%?

 

[Avatar Aang]

The End is Here!!!

 

[aniketkr.sharma]

Tai is hell bent on sucking middle class oil! 🤬

Iski khujli itti bdhi hui hai jidhr dkhti hai udhr khujana suru kr deti hai

 

[billion.bx]

We are still getting it applied on AGV'S what will happen if this will be applicable, will the charged doubled and if doubled who will gonna purchase those by paying 6-7%?

Currently we are paying GST on the convenience charge (if any) only.

 

[aniketkr.sharma]

Currently we are paying GST on the convenience charge (if any) only.

Then what if we buy 10k voucher then she wants 1800rs wtf

 

[VedKarma]

Tax on vocher and then tax on product bought with those vouchers 😡

 

[desiviru]

GST was introduced to end multi-layer taxation.

Arun Jaitley should have died again seeing Sitharaman's thinktank strategy to suck blood.

But currently it is just a news. Clarity only after meeting.

The Rs.10,400 benefit given tom iddle class by FM by increasing slab from 3-6L to 3-7L and 6-9L to 7-10L is getting taken back with such things. 10400 de ke 15000 legi yeh Sitharaman. Best FM just like Best Maha CM Thakarey.

 

[Pissant]

Wow look at that. This time the government stepped in to devalue Infinia for HDFC.

 

[aniketkr.sharma]

GST was introduced to end multi-layer taxation.

Arun Jaitley should have died again seeing Sitharaman's thinktank strategy to suck blood.

But currently it is just a news. Clarity only after meeting.

The Rs.10,400 benefit given tom iddle class by FM by increasing slab from 3-6L to 3-7L and 6-9L to 7-10L is getting taken back with such things. 10400 de ke 15000 legi yeh Sitharaman. Best FM just like Best Maha CM Thakarey.

This is the last plan executed by bjp, they sucked every juice in the name of 2 no. Paisa and then no one knows where those money went and now by tax, every high to middle to lower class suffers from this, the reason high class having high income and are driving the main system, so they neglect those things and the burden comes to middle and lower class people.

 

[VISHESH_BANSAL]

Then what if we buy 10k voucher then she wants 1800rs wtf

It is not going to work like this i.e Flat 18% on All GVs.

Most likely it would work like this if implemented, where GST Rate for Intended use is Fixed like Zomato Vouchers or Uber/Ola Vouchers.

Zomato Cart Value Rs. 100
Now Zomato will not collect 5% GST on Rs.100 and will charge only Rs.100 since Rs.5 was already collected at the time of Purchase of Rs.100 Zomato which will be utilized to Pay Rs.100 in this Case and Rest Amount like Delivery Fee/Paltform Fee, we have to Pay via any other Mode.

This will Create hassle for Platforms where GV would be utilized at the end, if GST council Approved it.🤣

 

[aniketkr.sharma]

It is not going to work like this i.e Flat 18% on All GVs.

Most likely it would work like this if implemented, where GST Rate for Intended use is Fixed like Zomato Vouchers or Uber/Ola Vouchers.

Zomato Cart Value Rs. 100
Now Zomato will not collect 5% GST on Rs.100 and will charge only Rs.100 since Rs.5 was already collected at the time of Purchase of Rs.100 Zomato which will be utilized to Pay Rs.100 in this Case and Rest Amount like Delivery Fee/Paltform Fee, we have to Pay via any other Mode.

This will Create hassle for Platforms where GV would be utilized at the end, if GST council Approved it.🤣

People like you elaborate it wrong way that it's beneficial for us and then when its implemented weep ohh God it's on us.

 

[Pissant]

It is not going to work like this i.e Flat 18% on All GVs.

Most likely it would work like this if implemented, where GST Rate for Intended use is Fixed like Zomato Vouchers or Uber/Ola Vouchers.

Zomato Cart Value Rs. 100
Now Zomato will not collect 5% GST on Rs.100 and will charge only Rs.100 since Rs.5 was already collected at the time of Purchase of Rs.100 Zomato which will be utilized to Pay Rs.100 in this Case and Rest Amount like Delivery Fee/Paltform Fee, we have to Pay via any other Mode.

This will Create hassle for Platforms where GV would be utilized at the end, if GST council Approved it.🤣

I don't think this is how it's going to work if it is implemented.

 

[VISHESH_BANSAL]

I don't think this is how it's going to work if it is implemented.

It is going to be Work like this if Implemented. Dedicated Section is not there in CGST Act relating to this as of now But Already High Court Clarifed this in a Case Pretaining to Jan'24


If you have time Read the PDF attached.

 

[aniketkr.sharma]

It is going to be Work like this if Implemented. Dedicated Section is not there in CGST Act relating to this as of now But Already High Court Clarifed this in a Case Pretaining to Jan'24


If you have time Read the PDF attached.

You still trust government🤣

 

[HumorSimpson]

It is going to be Work like this if Implemented. Dedicated Section is not there in CGST Act relating to this as of now But Already High Court Clarifed this in a Case Pretaining to Jan'24


If you have time Read the PDF attached.

Means ? END is near or not ?

 

[aniketkr.sharma]

Means ? END is near or not ?

Already ended you still thinking it's near then it's your fault

 

[HumorSimpson]

Already ended you still thinking it's near then it's your fault

Means GST applicable on every GV purchase ?