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

Last updated: 05 October 2024

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