AAR: 'Vouchers' not ‘actionable claims’, liable to GST as supply of ‘goods’

Tamil Nadu AAR holds that own closed Pre-paid Instruments (PPI’s) issued by the Applicant qualify as ‘vouchers’ as defined u/s 2(118) of CGST/ TNGST Act, 2017 and constitute a supply of ‘goods’ as per Section 2(52); Classifies paper based gift vouchers under CTH 4911 liable to 6% CGST and 6% SGST while cards with magnetic strip or a chipset under CTH 8523 liable to 9% CGST and 9% SGST vide Notification No. 01/2017- Central Tax (Rate) and corresponding State Tax Noti...