https://www.taxtmi.com/caselaws?id=755840 Freely transferable vouchers held and traded by a person other than the issuer were treated as movable property and, on sale for consideration in the course of business, as a supply of goods. The special voucher-specific provisions for time of supply and valuation were held to apply to the issuer where the underlying supply is identifiable, not to a trader in vouchers. Accordingly, the general rule for goods governed the time of supply, and value was determined under transaction value principles. The ruling also applied the residual tax entry, resulting in taxability at 9% CGST and 9% UPGST. en-us Tue, 20 Feb 2024 00:00:00 +0530 Fri, 19 Jul 2024 17:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755840 Freely transferable vouchers held and traded by a person other than the issuer were treated as movable property and, on sale for consideration in the course of business, as a supply of goods. The special voucher-specific provisions for time of supply and valuation were held to apply to the issuer where the underlying supply is identifiable, not to a trader in vouchers. Accordingly, the general rule for goods governed the time of supply, and value was determined under transaction value principles. The ruling also applied the residual tax entry, resulting in taxability at 9% CGST and 9% UPGST. Case-Laws GST Tue, 20 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755840