https://www.taxtmi.com/circulars?id=68026 Transactions in vouchers are not themselves taxable supplies: where a voucher qualifies as an RBI recognised pre paid instrument it is treated as money, and where not so recognised it is an actionable claim; in both cases vouchers are neither supply of goods nor supply of services, while redemption of vouchers for underlying goods or services remains taxable. Principal to principal trading in vouchers is not leviable to GST, agent commissions/fees are taxable as services, ancillary services are taxable, and amounts attributable to unredeemed vouchers (breakage) are not taxable. en-us Tue, 31 Dec 2024 00:00:00 +0530 Wed, 01 Jan 2025 16:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68026 Transactions in vouchers are not themselves taxable supplies: where a voucher qualifies as an RBI recognised pre paid instrument it is treated as money, and where not so recognised it is an actionable claim; in both cases vouchers are neither supply of goods nor supply of services, while redemption of vouchers for underlying goods or services remains taxable. Principal to principal trading in vouchers is not leviable to GST, agent commissions/fees are taxable as services, ancillary services are taxable, and amounts attributable to unredeemed vouchers (breakage) are not taxable. Circulars GST Tue, 31 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68026