https://www.taxtmi.com/circulars?id=70795 Vouchers that qualify as RBI-recognised prepaid instruments used to settle obligations are money and are neither goods nor services. Other vouchers are actionable claims, and, being outside specified actionable claims, their transfer is also neither a supply of goods nor services. Pure principal-to-principal trading of owned vouchers is not subject to GST, while commission or fee earned by agents for distribution and related support is taxable as a service. GST applies to separately supplied promotional, support or customisation services. Unredeemed voucher breakage is not taxable absent an underlying supply or an agreement charging for non-redemption. en-us Wed, 22 Jan 2025 00:00:00 +0530 Fri, 14 Aug 2026 15:02:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=70795 Vouchers that qualify as RBI-recognised prepaid instruments used to settle obligations are money and are neither goods nor services. Other vouchers are actionable claims, and, being outside specified actionable claims, their transfer is also neither a supply of goods nor services. Pure principal-to-principal trading of owned vouchers is not subject to GST, while commission or fee earned by agents for distribution and related support is taxable as a service. GST applies to separately supplied promotional, support or customisation services. Unredeemed voucher breakage is not taxable absent an underlying supply or an agreement charging for non-redemption. Circulars GST - States Wed, 22 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=70795