(Last Updated On: January 5, 2017)

GST on Vouchers

Section 12 (4) of Revised Model GST Law contains the provisions regarding Time of Supply in case Vouchers e.g Gift Vouchers etc are issued by Supplier This Section clarify when GST has to be paid on Vouchers i.e at the time of Issue of Voucehrs or at the Time of redemption of Vouchers. This Section read as follows :-

(4) In case of supply of vouchers, by whatever name called, by a supplier, the time of supply shall be-
(a) the date of issue of voucher, if the supply is identifiable at that point; or
(b) the date of redemption of voucher, in all other cases;

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