Gst on vouchers issued against purchases

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A company purchases goods from customers and issues vouchers to them instead of paying cash/cheque.

These vouchers can be utilised by customers for buying any goods from the company's various retails stores.

Whether any GST will be applicable on issuance of such vouchers at the time of purchases made by the company?

 

Replies (3)

I think No, since vouchers are as good as cash in kind.

Sir....Suppose any sales returns in November 2017 but it's related before 1/7/2017...So how to treat under GST?
Before it was exempt but under GST is taxable??
GST is applicable when the Voucher is redeemed by customer


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