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concept of voucher in gst
if suppose taj hotel issue free vouchers to hdfc bank, & Hdfc bank gives free vouchers to its regular customers & now it's customers redeem the coupons . In this case taj hotel providing services to customer. but my question is what is the consideration which taj hotel is receiving ? & if there is no consideration, then how can it become supply??
Replies (3)
Redemption value of the voucher will be the consideration and time when customer reedem the voucher will be the time of supply and pay gst at that time.
but customer will not pay a single penny, he is getting free services
No body gives free services in this world
So, Taj Hotel will collects the amount from HDFC for all the vouchers.
Mr. R CA is correct supply will consider when the voucher redeem
So, Taj Hotel will collects the amount from HDFC for all the vouchers.
Mr. R CA is correct supply will consider when the voucher redeem
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