Taxability & Timing of Supply for Gift Cards & Vouchers under CGST Act: AAAR UP Ruling

In re Payline Technology Private Limited (GST AAAR Uttar Pradesh)

The Appellate Authority for Advance Rulings (AAAR), Uttar Pradesh, recently overturned a previous ruling by the Authority for Advance Ruling (AAR) regarding the applicability of Goods and Services Tax (GST) on the supply and trading of gift cards, vouchers, and prepaid vouchers by Payline Technology Pvt. Ltd. The ruling, given by the AAAR, redefines the treatment of such instruments under GST laws and specifies when and how tax should be applied.

Background

On February 20, 2024, an adva

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