No GST on issuance of Prepaid Payment Instrument vouchers

Premier Sales Promotion Pvt Limited Vs Union of India (Karnataka High Court) Vouchers – Whether Goods or Services, leviable to GST and corresponding GST Credit on same Background: 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 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, ...