https://www.taxtmi.com/article/detailed?id=9046 Vouchers that take the form of Prepaid Payment Instruments (PPIs) are treated as money under GST, so issuance and loading are not taxable; redemption of PPIs to procure goods or services is taxable in the hands of the supplier/merchant. Intermediary services (payment aggregators/marketplaces) are separately taxable on commissions or fees. Valuation may follow Rule 32(6) (voucher value equals monetary value redeemable) or transaction value under Section 15, and time of supply is issuance if the underlying supply is identifiable, otherwise redemption. en-us Tue, 07 Apr 2020 09:44:16 +0530 Wed, 11 Feb 2026 15:58:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9046 Vouchers that take the form of Prepaid Payment Instruments (PPIs) are treated as money under GST, so issuance and loading are not taxable; redemption of PPIs to procure goods or services is taxable in the hands of the supplier/merchant. Intermediary services (payment aggregators/marketplaces) are separately taxable on commissions or fees. Valuation may follow Rule 32(6) (voucher value equals monetary value redeemable) or transaction value under Section 15, and time of supply is issuance if the underlying supply is identifiable, otherwise redemption. Articles Goods and Services Tax - GST Tue, 07 Apr 2020 09:44:16 +0530 https://www.taxtmi.com/article/detailed?id=9046