27 June 2017
UNDER GST 4) In case of supply of vouchers by a supplier, the time of supply shall be— (a) the date of issue of voucher, if the supply is identifiable at that point; or (b) the date of redemption of voucher, in all other cases.
27 June 2017
Supply Identifiable means - Voucher eligible for Samsung 32 Inch TV it means supply eligible. If voucher issued on 1/7/17 time of supply will be 1/7/17
Other Cases - Sodox Voucher Rs.100/- can be used either for food / shopping etc. That means supply not identifiable at the time of issue but at the time of redemption. Time of Supply will be date of redemption. Eg. Voucher issued on 01/07/17 but redeemed on 15/8/17 time of supply will be 15/8/17