Voucher GST treatment clarified for trading, commission-based distribution, ancillary services, and unredeemed voucher breakage. Clarification is issued on the GST treatment of vouchers, including whether transactions in vouchers constitute a supply of goods or services, the tax position for distribution through distributors, sub-distributors or agents, ancillary services connected with voucher distribution, and the taxability of unredeemed vouchers or breakage. Pure trading of vouchers on a principal-to-principal basis is not leviable to GST, while commission-based distribution and separate ancillary services supplied for consideration are taxable as services. Amounts retained on account of unredeemed vouchers are not taxable because there is no underlying supply.
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Provisions expressly mentioned in the judgment/order text.
Voucher GST treatment clarified for trading, commission-based distribution, ancillary services, and unredeemed voucher breakage.
Clarification is issued on the GST treatment of vouchers, including whether transactions in vouchers constitute a supply of goods or services, the tax position for distribution through distributors, sub-distributors or agents, ancillary services connected with voucher distribution, and the taxability of unredeemed vouchers or breakage. Pure trading of vouchers on a principal-to-principal basis is not leviable to GST, while commission-based distribution and separate ancillary services supplied for consideration are taxable as services. Amounts retained on account of unredeemed vouchers are not taxable because there is no underlying supply.
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