https://www.taxtmi.com/circulars?id=69324 Where a voucher qualifies as an RBI recognised pre paid instrument and is used to settle an obligation it is treated as money and not as a supply; where it does not qualify as such it constitutes an actionable claim excluded from supply under Schedule III. Trading of vouchers by principals is not a supply, whereas agents earning commission render a taxable service. Ancillary services to the voucher issuer are taxable, and amounts attributable to unredeemed vouchers (breakage) do not constitute consideration for a supply and are not taxable. en-us Mon, 06 Jan 2025 00:00:00 +0530 Tue, 10 Mar 2026 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69324 Where a voucher qualifies as an RBI recognised pre paid instrument and is used to settle an obligation it is treated as money and not as a supply; where it does not qualify as such it constitutes an actionable claim excluded from supply under Schedule III. Trading of vouchers by principals is not a supply, whereas agents earning commission render a taxable service. Ancillary services to the voucher issuer are taxable, and amounts attributable to unredeemed vouchers (breakage) do not constitute consideration for a supply and are not taxable. Circulars GST - States Mon, 06 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69324