Following the stipulation in a recent GST council meeting and issue of a circular, Budget 2025 has deleted obsolete provisions relating to goods and services tax (GST) on gift vouchers. However, it should be noted that allied activities like marketing of these vouchers will still be subject to gift tax. Rohit Jain, deputy managing partner, at Economic Laws Practice said, "The Karnataka high court had held that vouchers do not fall in the category of goods or services and cannot be subject to GST. Subsequently, a circular issued in Dece, stated that GST does not apply on vouchers. Consequently there is no need to determine the time of supply.