https://www.taxtmi.com/article/detailed?id=13287 Transactions in vouchers are treated as neither a supply of goods nor a supply of services; hence Time of Supply and Valuation do not apply. Distribution on a principal-to-principal basis is not taxable, but commissions or fees charged by agents for distribution are taxable. Ancillary services related to vouchers (advertising, co branding, marketing, customization, technology support, customer support) are leviable to GST on amounts charged. Unredeemed vouchers (breakage) are not treated as supply and are not subject to GST. If recognised by the Reserve Bank vouchers may be money, otherwise they may be actionable claims. en-us Sat, 04 Jan 2025 13:50:08 +0530 Sat, 04 Jan 2025 13:50:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13287 Transactions in vouchers are treated as neither a supply of goods nor a supply of services; hence Time of Supply and Valuation do not apply. Distribution on a principal-to-principal basis is not taxable, but commissions or fees charged by agents for distribution are taxable. Ancillary services related to vouchers (advertising, co branding, marketing, customization, technology support, customer support) are leviable to GST on amounts charged. Unredeemed vouchers (breakage) are not treated as supply and are not subject to GST. If recognised by the Reserve Bank vouchers may be money, otherwise they may be actionable claims. Articles Goods and Services Tax - GST Sat, 04 Jan 2025 13:50:08 +0530 https://www.taxtmi.com/article/detailed?id=13287