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of <h1>Voucher Transactions Clarified: GST Rules Define Treatment of Pre-Paid Instruments and Distribution Commissions</h1> Circular provides comprehensive clarification on GST treatment of vouchers. Transactions involving vouchers are neither supply of goods nor services, regardless of whether they are recognized as pre-paid instruments. Distributors trading vouchers on a principal-to-principal basis are not subject to GST. Agents receiving commission for voucher distribution will pay GST on such commission. Unredeemed vouchers (breakage) are not taxable as they do not constitute a supply of goods or services.
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