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<h1>Clarification on GST Treatment of Vouchers Under Rule 32(6) and Circular No. 243/37/2024-GST</h1> Under Rule 32(6) of the CGST Rules, the value of redeemable vouchers, coupons, tokens, or stamps (excluding postage stamps) is determined by the monetary value of the goods or services they are redeemable for. For example, if a coupon is sold for 1900 but redeemable for goods worth 2000, its value is 2000. Clarifications on GST treatment of vouchers address whether they are considered goods or services, their distribution through various channels, and the treatment of additional services and unredeemed vouchers. Specific guidance is provided in Circular No. 243/37/2024-GST dated 31.12.2024.