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of <h1>GST Treatment of Vouchers: Principal Basis Not Taxed, Commission Basis Commission Taxed, Additional Services Taxable, Breakage Exempt.</h1> The circular provides clarification on the Goods and Services Tax (GST) treatment of vouchers. It states that transactions involving vouchers are neither considered a supply of goods nor services. When vouchers are distributed on a Principal-to-Principal basis, they are not subject to GST. However, if distributed on a commission basis, GST applies to the commission earned. Additional services related to vouchers, such as marketing or technology support, are taxable. Unredeemed vouchers, or 'breakage,' are not subject to GST as they do not involve an underlying supply of goods or services.
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