The supplies of Vouchers are taxable as goods and would be governed by Section 12(5) of the CGST Act 2017. Rate of tax will be 18% as per Entry No. 453 of Schedule 3 of Notification No. 1/2017-Central Tax (Rate) dated 28.06.2017.
Authority for Advance Ruling — GST on Supply of Vouchers – The applicant is engaged in the business of providing Marketing Services. The nature of services provided to each customer depends on the requirement and depends on the tailored agreement with each customer. During the course of business the applicant receives orders for supply of e-vouchers wherein the applicant sources e-vouchers for such customers as per the order received and acts as an intermediary for buying and supplying of e-vouchers. The Applicant sought advance ruling as to whether the vouchers themselves, or the act of supplying them is taxable, and at what stage, for each of the three categories of transactions undertaken by the applicant; if the answer to the above question is in the affirmative, what would be the rate of tax at which this would be taxable, i.e. which category would this be taxed under.
Held that:- The Hon’ble Authority for Advance Ruling held that the supply of Vouchers are taxable as goods and the time of supply in all cases would be governed by Section 12(5) of the Act 2017. Applicable GST is @ 18 % as per Entry No. 453 of Schedule 3 of Notification No. 1/2017-CTR dated 28.06.2017.
The supplies of Vouchers are taxable as goods and would be governed by Section 12(5) of the CGST Act 2017. Rate of tax will be 18% as per Entry No. 453 of Schedule 3 of Notification No. 1/2017-Central Tax (Rate) dated 28.06.2017.
Authority for Advance Ruling — GST on Supply of Vouchers – The applicant is engaged in the business of providing Marketing Services. The nature of services provided to each customer depends on the requirement and depends on the tailored agreement with each customer. During the course of business the applicant receives orders for supply of e-vouchers wherein the applicant sources e-vouchers for such customers as per the order received and acts as an intermediary for buying and supplying of e-vouchers. The Applicant sought advance ruling as to whether the vouchers themselves, or the act of supplying them is taxable, and at what stage, for each of the three categories of transactions undertaken by the applicant; if the answer to the above question is in the affirmative, what would be the rate of tax at which this would be taxable, i.e. which category would this be taxed under.
Held that:- The Hon’ble Authority for Advance Ruling held that the supply of Vouchers are taxable as goods and the time of supply in all cases would be governed by Section 12(5) of the Act 2017. Applicable GST is @ 18 % as per Entry No. 453 of Schedule 3 of Notification No. 1/2017-CTR dated 28.06.2017.