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Taxability - stage of taxation - vouchers themselves, or the act...

Vouchers Sold as Payment Instruments Taxed as Goods, Not Actionable Claims; 18% GST Applies u/s 12(5) CGST Act 2017.

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GST August 9, 2021 Case Laws AAR
Taxability - stage of taxation - vouchers themselves, or the act of supplying them? - the applicant purchases the payment instruments and sells the same to their clients, who in turn distributes them to their clients/customers and the said customers use them to discharge their obligation to pay consideration for the goods or services procured by them from their suppliers. - The vouchers are not covered under “actionable claim” as they are not debt. - The supply of Vouchers are taxable as goods and the time of supply in all three cases would be governed by Section 12(5) of the CGST Act 2017. - Taxable at the rate of 18 % GST - AAR

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Acts Income Tax