In case of supply of vouchers by a supplier, the time of supply shall be—
- the date of issue of voucher, if the supply is identifiable at that point; or
- the date of redemption of voucher, in all other cases.
Example 1:-
Suppose a Cloth Showroom Sold Gift Voucher to Customer for Rs 2000 on 10 May
Customer can use Gift voucher to Purchase anything
Actual Goods Purchased by Customer on 11 June for Rs 2400
Customer redeemed voucher and paid balance 400
What is Time of Supply in this case
View AnswerSupply is not identifiable at the point of issue of voucher
Hence, Time of Supply is Date of Redemption of Voucher i,e 11 June
Example 2-
Suppose a Cloth Showroom Sold Gift Voucher to Customer for Rs 2000 on 10 May
Customer can use Gift voucher to Purchase only a Specific Shirt
Actual Goods of shirt was done by Customer on 11 June
What is Time of Supply in this case
View AnswerSupply is identifiable at the point of issue of voucher
Hence, Time of Supply is Date of Issue of Voucher i,e 10 May
