Voucher GST treatment: transactions are not supplies, agency commissions and related support services remain taxable, while breakage is not. Clarifies that voucher transactions are neither a supply of goods nor a supply of services, whether the voucher is treated as RBI-recognized money or as an actionable claim. Pure trading of vouchers on a principal-to-principal basis is not liable to GST, while commission-based agency distribution and separate support or promotional services supplied to the voucher issuer are taxable. Amounts attributable to unredeemed vouchers or breakage are not taxable because non-redemption does not involve any underlying supply or consideration.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Voucher GST treatment: transactions are not supplies, agency commissions and related support services remain taxable, while breakage is not.
Clarifies that voucher transactions are neither a supply of goods nor a supply of services, whether the voucher is treated as RBI-recognized money or as an actionable claim. Pure trading of vouchers on a principal-to-principal basis is not liable to GST, while commission-based agency distribution and separate support or promotional services supplied to the voucher issuer are taxable. Amounts attributable to unredeemed vouchers or breakage are not taxable because non-redemption does not involve any underlying supply or consideration.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
