GST DAILY – 311 : Supply of vouchers to be treated as supply of goods; taxable at 18% under GST: AAR

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THE AUTHORITY FOR ADVANCE RULING UNDER GST, UTTAR PRADESH In the case of Payline Technology Pvt. Ltd., decided on 20-2-2024

👉 The ADVANCE AUTHORITY RULING :-

✔️ Where applicant-assessee is involved in trading of vouchers and said transaction amounts to supply of goods in terms of Section 7, therefore, value of supply of vouchers in present case shall be decided as per sub-sections (1) (2) and (3) of section 15, further, supply of vouchers by applicant-assessee are taxable at rate of 9% CGST and 9% UPGST as per residual entry no. 453 of Third Schedule of Notification No. 01/2017-Central Tax (Rate) dated 28-6-2017.

Sections 9 and 15 of Central Goods and Services Act, 2017