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Gift vouchers to consumers
Gift voucher issued to consumers.is it considered as supply?
Replies (1)
No, issuing a gift voucher to a consumer is not treated as a supply at the moment of issuance. It is merely a payment instrument. GST is applicable either at issuance (if the specific product/service being bought is predefined) or at redemption (for generic vouchers), but the tax is levied on the underlying goods or services, not the voucher itself.
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