Redeemable vouchers

Special rules apply to vouchers, tokens, stamps, coupons or similar articles that can be redeemed for other supplies up to a monetary value stated on the voucher. Typical examples include book vouchers or traditional phone cards.

Under these rules, the initial supply of the voucher is not a taxable supply, so no GST applies and no input tax credit can be claimed. However, GST applies if and when the voucher is redeemed and the relevant goods or services are supplied. This GST liability on the supplier will vary according to the GST status of those particular goods or services