https://www.taxtmi.com/forum/issue?id=109781 Taxability of multipurpose gift vouchers depends on their classification: as goods they attract VAT/sales tax; as services they attract service tax; if treated as actionable claims they may fall outside service tax under pre-GST law. Judicial and tribunal authorities have reached inconsistent conclusions, and the draft GST framework treats actionable claims as goods, suggesting vouchers could be taxed under GST. The agent's resale margin should be treated in accordance with the applicable classification for invoicing and indirect tax compliance. en-us Sun, 24 Jan 2016 10:37:15 +0530 Thu, 23 Jan 2025 15:56:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109781 Taxability of multipurpose gift vouchers depends on their classification: as goods they attract VAT/sales tax; as services they attract service tax; if treated as actionable claims they may fall outside service tax under pre-GST law. Judicial and tribunal authorities have reached inconsistent conclusions, and the draft GST framework treats actionable claims as goods, suggesting vouchers could be taxed under GST. The agent's resale margin should be treated in accordance with the applicable classification for invoicing and indirect tax compliance. Discussion-Forum VAT / Sales Tax Sun, 24 Jan 2016 10:37:15 +0530 https://www.taxtmi.com/forum/issue?id=109781