Supply of Vouchers Taxable as Goods, Value of Supply to be determined u/s 15 of CGST Act: AAR

The article from Taxscan discusses a ruling by the Authority for Advance Rulings (AAR) on the taxation of vouchers under the CGST Act. It concludes that vouchers should be treated as goods for tax purposes, and their value must be determined according to Section 15 of the CGST Act. This means the transaction value of the voucher, not the face value, will be used to assess GST liability. The AAR clarified that the value of supply is the price charged for the voucher, which reflects the actual transaction value, impacting the tax treatment of such vouchers.