CBIC Issues Clarification on Various Issues Pertaining to GST Treatment of Vouchers
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- By Chetan Kulasri
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- Last Updated on 4 January, 2025
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Circular No. 243/37/2024-GST dated December 31st, 2024
The CBIC has issued circular to clarify that transaction in vouchers would be treated neither as a “supply of goods” nor as a “supply of services. However, supply of underlying goods and/or services, for which vouchers are used as consideration or part consideration, may be taxable under GST.
Also, the service fee/service charge/affiliate charge or other amount for supply of such additional services to the voucher issuer as per the terms of contract/agreement, would be liable to GST.
Click Here To Read The Full Circular
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