supply is not identifiable at the time of issue of voucher, e.g. voucher worth Rs. 1500 of Shopper Stop(a departmental store) issued on 1-1-2019 validity of voucher is 31-3-2019.
if in the above case a person do not redeem the voucher on of before 31-3-2019,
then there is no time of supply with respect to that voucher.
now , How shoppers stop will treat the amount of 1500 for which it does not have made any supply and received the amount .
if it considers it as supply then what will be the effect on Stock records.
As per CGST Act, time of supply in case of vouchers is as follows:
If the supply is identifiable - at the time of issue of vouchers.
If the supply is not identifiable at the time of issue of voucher - earlier of the time when voucher is redeemed or the due date of the voucher.
In above case, since the voucher is not redeemed till the due date, time of supply shall be the due date/ expiry date of the voucher.
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