Unredeemed payback points are taxable under GST as consideration for services rendered by the issuer.

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Full Text of the Document

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....The value of points forfeited of the applicant on which money had been paid by the issuer of points on account of failure of the end customers to redeem the payback points within their validity period would amount to consideration received in lieu of services being provided by LSRPL to its clients - liable to GST.....