https://www.taxtmi.com/caselaws?id=427897 Input tax credit on vouchers and subscription packages procured from third-party vendors and supplied under a loyalty programme was barred because the items were treated as goods and their redemption against accumulated loyalty points involved no monetary consideration from the customer. On that basis, the free issue of vouchers on redemption was characterised as disposal by way of gift, bringing the transaction within the blocked credit rule in section 17(5)(h). The AAR therefore held that input tax credit was not admissible on those supplies. en-us Wed, 14 Sep 2022 00:00:00 +0530 Sat, 05 Apr 2025 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427897 Input tax credit on vouchers and subscription packages procured from third-party vendors and supplied under a loyalty programme was barred because the items were treated as goods and their redemption against accumulated loyalty points involved no monetary consideration from the customer. On that basis, the free issue of vouchers on redemption was characterised as disposal by way of gift, bringing the transaction within the blocked credit rule in section 17(5)(h). The AAR therefore held that input tax credit was not admissible on those supplies. Case-Laws GST Wed, 14 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427897