Gift vouchers neither goods nor services, exempted from GST: Karnataka High Court

Gift Vouchers, Cash Back Vouchers, and E-Vouchers are not goods or services, and will not attract GST, Karnataka High Court said. Earlier, Authority for Advance Rulings had ruled these vouchers will be taxable. Later, this ruling was affirmed by Appellate Authority for Advance Ruling (AAAR).  “The printed forms are like currency. The value printed on the form can be transacted only at the tim…