Vouchers are Taxable as a Supply of Goods at the rate of 18%

Last updated: 05 October 2024

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The Authority for Advance Ruling in Uttar Pradesh has ruled that the supply of vouchers by M/s Payline Technology Private Limited is taxable as a supply of goods at a rate of 18% GST. The ruling states that these vouchers are considered movable property and qualify as goods because their ownership is transferred and they are not used to settle an obligation. The tax liability arises at the time of supply, as determined by the CGST Act.

Court :
Advance Ruling, Uttar Pradesh

Brief :
The Authority for Advance Ruling, Uttar Pradesh, in case of M/s Payline Technology Private Limited, In Re [Ruling No. UP ADRG 43 of 2024 dated February 20, 2024] ruled that Supply of Vouchers by the Applicant is taxable as supply of goods and the time of supply shall be decided as per Section 12 (2) of the Central Goods and Services Tax Act, 2017 ("the CGST Act") and the Uttar Pradesh Goods and Service Tax Act,2017 ("the UPGST Act") and will be taxed at the rate of % CGST and 9% UPGST as per residual entry no. 453 of Third Schedule of Notification No. 01/2017-Central Tax (Rate) dated June 28, 2017. Further, the value of supply shall be decided as per sub-sections (1), (2) and (3) of Section 15 of the CGST Act.

Citation :
Ruling No. UP ADRG 43 of 2024 dated February 20, 2024

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1 Year PLAN

1999

(Excl. of GST ₹359)

2 Years PLAN

3499

(Excl. of GST ₹629)

BEST VALUE

3 Years PLAN

4999

(Excl. of GST ₹899)

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Attached File : 33169_5759_payline_technology_private_ltd_.pdf

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Judgement posted by

Bimal Jain

Service

FCA, FCS LLB with21 Yrs of Experience inTaxation Indirect and Direct: Education Qualification: B.Com (Hons) Chartered Accountants Company Secretary LLB Qualified SAP FI/CO Consultants Professional Membership: Chairmanof Indirect Tax Committee of PHD Chamber of Commerce Member of Indirec ... Read more

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