Tamil Nadu AAAR clears air over GST on vouchers, says taxable on redemption

The  Tamil Nadu  appellate authority for advance rulings (AAAR) has cleared the confusion over taxability of vouchers such as Amazon gift cards, Shoppers Stop vouchers, Zara Vouchers etc. under the goods and services tax (GST) system. It ruled that  GST  will be levied on the underlying goods and services at the time of redemption of vouchers, Abhishek Jain, partner at EY, said…