https://www.taxtmi.com/circulars?id=70003 Clarifies that voucher transactions are neither a supply of goods nor a supply of services, whether the voucher is treated as RBI-recognized money or as an actionable claim. Pure trading of vouchers on a principal-to-principal basis is not liable to GST, while commission-based agency distribution and separate support or promotional services supplied to the voucher issuer are taxable. Amounts attributable to unredeemed vouchers or breakage are not taxable because non-redemption does not involve any underlying supply or consideration. en-us Fri, 17 Jan 2025 00:00:00 +0530 Tue, 26 May 2026 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=70003 Clarifies that voucher transactions are neither a supply of goods nor a supply of services, whether the voucher is treated as RBI-recognized money or as an actionable claim. Pure trading of vouchers on a principal-to-principal basis is not liable to GST, while commission-based agency distribution and separate support or promotional services supplied to the voucher issuer are taxable. Amounts attributable to unredeemed vouchers or breakage are not taxable because non-redemption does not involve any underlying supply or consideration. Circulars GST - States Fri, 17 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=70003