Forfeited Issuance fee of Reward points is fee for supply of Services: AAR

In re Loyalty Solutions and Research Private Limited (GST AAR Haryana) Question Raised– In case the customer does not or is not able to redeem the rewards points, within their validity period of 36 months from the date of issue, the reward points are forfeited by the applicant. Whether this amount of issuance fee retained/forfeited by LSRPL, would amount to consideration for actionable claims and subject to GST. Held by GST AAR Haryana The value of points forfeited of the applicant on which money had been paid by the issuer of points on account of failure of the end customers to redeem ...