Share with your friends

India: GST on lapsed reward points; tax treaty with Israel

India: GST on lapsed reward points; tax treaty

The KPMG member firm in India has prepared reports about the following tax developments (read more at the hyperlinks provided below).


Related content

  • Value of lapsed “loyalty points” subject to GST: The Authority for Advance Ruling Haryana found that forfeited “payback points” (loyalty reward points) on which consideration was received and retained were to be treated as supply of service and, accordingly, the value was subject to goods and services tax (GST). Read an August 2018 report [PDF 657 KB]
  • Deposits of less than 20% for stay of demand: The Supreme Court of India held that tax authorities can grant deposit orders of less than 20% for a stay of demand. The case is: LG Electronics India Pvt Ltd. Read a July 2018 report [PDF 725 KB]
  • “Most favoured nation” clause, income tax treaty with Israel: The Ahmedabad Bench of the Income-tax Appellate Tribunal decided that the “most favoured nation” clause in the Protocol to the India-Israel income tax treaty was automatic and applied prospectively. At issue was the treatment of payments for active pharmaceutical ingredient and formulation services. The case is: Sun Pharmaceutical Laboratories Ltd. Read a July 2018 report [PDF 567 KB]
  • CBDT action plan for 2018-2019: The Central Board of Direct Taxes (CBDT) released its action plan for 2018-19. Areas of focus include litigation management, liquidation of tax arrearages, broadening of the tax base, and strengthening compliance and enforcement functions. Read a July 2018 report [PDF 778 KB]

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal