https://www.taxtmi.com/caselaws?id=390417 Own closed prepaid payment instruments accepted as consideration for future purchases were treated as vouchers, not actionable claims, because they identified the supplier and did not represent debt or beneficial interest in property; their issue in the course of business therefore constituted supply of goods. For vouchers, time of supply arose on the date of issue where the underlying goods were identifiable at that stage, and on the date of redemption where they were not. Classification also determined the GST rate: paper vouchers fell under the printed matter heading, while plastic gift cards fell under the relevant card heading, attracting the applicable tariff-based rates. en-us Mon, 25 Nov 2019 00:00:00 +0530 Sat, 15 Mar 2025 13:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390417 Own closed prepaid payment instruments accepted as consideration for future purchases were treated as vouchers, not actionable claims, because they identified the supplier and did not represent debt or beneficial interest in property; their issue in the course of business therefore constituted supply of goods. For vouchers, time of supply arose on the date of issue where the underlying goods were identifiable at that stage, and on the date of redemption where they were not. Classification also determined the GST rate: paper vouchers fell under the printed matter heading, while plastic gift cards fell under the relevant card heading, attracting the applicable tariff-based rates. Case-Laws GST Mon, 25 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390417