No GST on issuance of Prepaid Payment Instrument vouchers


Last updated: 06 February 2023

Court :
Karnataka High Court

Brief :
The Hon'ble Karnataka High Court in M/s Premier Sales Promotion Pvt Limited v. Union of India [Writ Petition No. 5569 of 2022 (T-RES) dated January 16, 2023] has set aside and quashed the order passed by AAAR, Karnataka, which upheld the ruling passed by AAR, Karnataka, ruling that the vouchers are leviable to tax as goods. Held that, the issuance of vouchers is similar to pre-deposit instruments, which have no inherent value of their own and therefore, it does not fall under the category of supply of goods or services. Hence, vouchers being neither goods nor services, are exempted from the levy of tax.

Citation :
Writ Petition No. 5569 of 2022 (T-RES) dated January 16, 2023

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Bimal Jain
Published in GST
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