https://www.taxtmi.com/circulars?id=70621 Transactions in vouchers are outside GST supply: RBI-recognised prepaid vouchers used to settle obligations qualify as money, while other vouchers are actionable claims other than specified actionable claims. Principal-to-principal voucher trading for a margin is therefore not taxable. However, commission or fee earned by agents and distributors for voucher distribution, and consideration for ancillary services such as marketing, customisation or support, is taxable as a supply of services. Unredeemed voucher breakage is not taxable where no underlying supply occurs and no agreement provides for non-redemption charges. en-us Tue, 09 Jul 2024 00:00:00 +0530 Sat, 01 Aug 2026 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=70621 Transactions in vouchers are outside GST supply: RBI-recognised prepaid vouchers used to settle obligations qualify as money, while other vouchers are actionable claims other than specified actionable claims. Principal-to-principal voucher trading for a margin is therefore not taxable. However, commission or fee earned by agents and distributors for voucher distribution, and consideration for ancillary services such as marketing, customisation or support, is taxable as a supply of services. Unredeemed voucher breakage is not taxable where no underlying supply occurs and no agreement provides for non-redemption charges. Circulars GST - States Tue, 09 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=70621