# Taxability of Vouchers
GST treatment of vouchers depends on their nature and the role of the trader.
## A. Transaction in the Voucher Itself
| Type of Voucher | Classification | Supply? |
|---|---|---|
| Prepaid instruments (cards, wallets) | Falls within definition of money | Neither goods nor services → Not a supply |
| Other vouchers | Falls within definition of actionable claim (and not a specified actionable claim) | Schedule-III → Not a supply |
Implication: The sale/issue of a voucher itself is never a supply. However, the supply of underlying goods/services for which the voucher is redeemed may be taxable in the usual way.
## B. Distributors, Sub-Distributors, Agents Trading in Vouchers
| Role | GST Implication |
|---|---|
| Buying/selling vouchers on a Principal-to-Principal basis (earning margin on trade) | Transaction in voucher = neither supply of goods nor services |
| Acting as agent for the voucher issuer (earning commission) | GST applies on commission/fees of the agent |
| Providing additional services (advertisement, co-branding, technology, customer support) to the voucher issuer for fees | GST applies on those fees |
## C. Non-Redemption of Vouchers
If a voucher is never redeemed (expires unused) — not a supply, no GST. The amount retained by the issuer is not consideration for any supply.