• GST and vouchers

    This information is for businesses that sell or buy vouchers. It explains how to account for vouchers in your activity statement.

    A voucher:

    • is a token, stamp (but not a postage stamp), coupon or similar article, or a prepaid phone card or facility
    • has a stated monetary value, which may be:
      • printed on the voucher
      • printed on documents accompanying the voucher
      • a top up amount for a phone card
      • can be redeemed for other goods or services.
       

    Generally, if you sell a voucher for its stated monetary value and the holder is entitled to redeem it for goods or services up to that value, you don't account for the voucher on your activity statement until it is redeemed. Similarly, if you buy a voucher and are entitled to an input tax credit for the goods or services you obtain with it, you don't claim the credit unless you redeem the voucher for taxable supplies.

    Find out about:

    Reporting voucher sales

    When a voucher is redeemed in full for goods or services you sell, the payment for the sale is the stated monetary value of the voucher and any additional payment received.

    You report the full price of the sale (including the value of the voucher if it is fully redeemed and any additional payment received) at label G1 (total sales) on your activity statement for the reporting period in which the voucher is redeemed (not the reporting period in which it is sold).

    If you use the accounts method to calculate the amount of GST on your sales, report the GST in the price of the sale, for which the voucher was redeemed, at label 1A (GST on sales) on your activity statement in the relevant reporting period.

    If you use the calculation worksheet method, use the worksheet to calculate how much to report at label 1A.

    See also:

    • GSTR 2003/5Goods and services tax: vouchers for circumstances where:
      • the price of the voucher exceeds its stated monetary value
      • the voucher does not have a stated monetary value
      • the voucher is not redeemed
      • the voucher is only partially redeemed.
       

    Reporting voucher purchases

    Generally, you claim input tax credits in your activity statement for the reporting period in which you redeem a voucher, not the reporting period when you buy it.

    If you buy a voucher and then use the voucher to obtain something that is a taxable supply to you, you're entitled to claim a GST credit if that purchase is used in your business. However, you're not entitled to claim a GST credit for that purchase if it either:

    • relates to making input taxed sales
    • is of a private or domestic nature.

    Report the price you paid for the voucher at label G11 (non-capital purchases) on your activity statement.

    If you use the accounts method, report any GST credit you're entitled to claim at label 1B (GST on purchases).

    If you use the calculation worksheet method, use the worksheet to calculate the amount of GST credit to report at label 1B.

    If you have unredeemed vouches, you may need to do an increasing adjustment.

    See also:

      Last modified: 25 May 2017QC 17479