When a retail chain issues a gift card that qualifies as a PPI under RBI guidelines, it falls under the definition of “money.” For instance, when a customer purchases a ₹1,000 shopping voucher from a ...

The RBI classifies gift vouchers as prepaid instruments Prepaid vouchers are considered 'money' and exempt from GST Non-prepaid vouchers are 'actionable claims' and also GST exempt Gift vouchers and ...

SINGAPORE – Some major supermarket chains in Singapore, such as FairPrice and Giant, will be giving out $6 return vouchers for shoppers who spend at least $60 worth of their CDC vouchers ...

Illustration: Dominic Xavier/Rediff.com According to the CBIC, vouchers can be categorised into two types. The first category includes prepaid instruments, such as gift cards and digital wallets ...

Gift cards or vouchers, whether recognised by RBI or not, including trading margins, will not be treated as goods or services and hence not liable to GST, the CBIC clarified in its latest circular.

An LDS member herself, she was soon ready to start paying tuition to the school from her son’s Empowerment Scholarship Account — a type of school voucher pioneered in Arizona and now spreading ...

If your stocking was stuffed with gift cards you have no interest in redeeming, there are some simple ways to turn your disappointment into cash. Many third-party websites allow you to exchange ...