https://www.taxtmi.com/circulars?id=68472 Clarification is issued on the GST treatment of vouchers, including whether transactions in vouchers constitute a supply of goods or services, the tax position for distribution through distributors, sub-distributors or agents, ancillary services connected with voucher distribution, and the taxability of unredeemed vouchers or breakage. Pure trading of vouchers on a principal-to-principal basis is not leviable to GST, while commission-based distribution and separate ancillary services supplied for consideration are taxable as services. Amounts retained on account of unredeemed vouchers are not taxable because there is no underlying supply. en-us Sat, 08 Feb 2025 00:00:00 +0530 Tue, 14 Apr 2026 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68472 Clarification is issued on the GST treatment of vouchers, including whether transactions in vouchers constitute a supply of goods or services, the tax position for distribution through distributors, sub-distributors or agents, ancillary services connected with voucher distribution, and the taxability of unredeemed vouchers or breakage. Pure trading of vouchers on a principal-to-principal basis is not leviable to GST, while commission-based distribution and separate ancillary services supplied for consideration are taxable as services. Amounts retained on account of unredeemed vouchers are not taxable because there is no underlying supply. Circulars GST - States Sat, 08 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68472