Voucher - GST Ready Reckoner - GST

As per section 2(118) of CGST Act 2017 Voucher means an instrument - (a) where there is an obligation to accept it as consideration or part consideration for a supply of goods or services or both; and (b) where the goods or services or both to be supplied; or (c) the identities of their potential suppliers are either indicated on the instrument itself; or (d) in related documentation, including the terms and conditions of use of such instrument. For example , multi-brand retailers supply gift cards to their customers which can be redeemed against the purchase of merchandise of their brand of value equal to the face value as printed on such gift card. The Education Guide issued on June 20, 2012, addresses the question of whether a voucher constitutes an actionable claim. 2.8.11 Would vouchers that entitle a person to enjoy a service, for example a health club, be an actionable claim ? No. Such a voucher does not create a 'beneficial interest' in a moveable property but only entitles a person to enjoy a particular service for a single or specified number of times. 2.8.12 Would recharge vouchers issued by service companies for enabling clients/consumers to avail services like mobile phone communication, satellite TV broadcasts, DTH broadcasts etc be 'actionable claims? No. Such recharge vouchers do not create a 'beneficial interest' in a moveable property but only enable a person to enjoy a particular service.