https://www.taxtmi.com/circulars?id=70594 Transactions in vouchers are neither supplies of goods nor services where the voucher qualifies as money or as a non-specified actionable claim; GST may nevertheless apply to the underlying goods or services obtained on redemption. Principal-to-principal voucher trading, involving autonomous ownership and resale, is not taxable. Commission or fees received by agents for distribution and related obligations are taxable as services, as are separately supplied promotional, technology, customisation or support services. Breakage on unredeemed vouchers is not taxable where no underlying supply occurs and no agreement makes non-redemption a taxable act or forbearance. en-us Tue, 07 Jan 2025 00:00:00 +0530 Fri, 31 Jul 2026 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=70594 Transactions in vouchers are neither supplies of goods nor services where the voucher qualifies as money or as a non-specified actionable claim; GST may nevertheless apply to the underlying goods or services obtained on redemption. Principal-to-principal voucher trading, involving autonomous ownership and resale, is not taxable. Commission or fees received by agents for distribution and related obligations are taxable as services, as are separately supplied promotional, technology, customisation or support services. Breakage on unredeemed vouchers is not taxable where no underlying supply occurs and no agreement makes non-redemption a taxable act or forbearance. Circulars GST - States Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=70594