AAR : Fee retained towards forfeited loyalty reward points not "actionable claim", liable to GST

AAR rules on taxability of payback / reward points not redeemed by customers from loyalty programme partners within their validity period; Rejects applicant’s contention that since redemption points issued to its clients (loyalty programme partners) for further distribution to participant / end customers are in the nature of actionable claim not leviable to GST in terms of exclusion entry 6 of Schedule III to CGST / Haryana GST Act, any amount of forfeited redemption points...