https://www.taxtmi.com/forum/issue?id=116332 Whether sale of vouchers with unidentified underlying supply is taxable and when tax arises are central. Section 12(4) provides that where supply is not identifiable the time of supply is the date of redemption. Commentators differ on characterisation-virtual vouchers as services versus vouchers as goods-and on classification and rate. Practical issues include merchant redemption compliance, upstream suppliers not charging tax, and whether a trader's resale margin is taxable; trading alone does not remove GST coverage under the statutory time of supply mechanism. en-us Thu, 28 May 2020 15:37:05 +0530 Thu, 23 Jan 2025 15:54:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116332 Whether sale of vouchers with unidentified underlying supply is taxable and when tax arises are central. Section 12(4) provides that where supply is not identifiable the time of supply is the date of redemption. Commentators differ on characterisation-virtual vouchers as services versus vouchers as goods-and on classification and rate. Practical issues include merchant redemption compliance, upstream suppliers not charging tax, and whether a trader's resale margin is taxable; trading alone does not remove GST coverage under the statutory time of supply mechanism. Discussion-Forum GST Thu, 28 May 2020 15:37:05 +0530 https://www.taxtmi.com/forum/issue?id=116332