Domino's Ltd. sold Pizza voucher worth ₹5,000 to its customer on 10th August, 2021, this voucher is not convertible into cash and only usable at Domino's pizza outlet within one year. Customer redeems ₹3,500 of this vouc

CS Executive · Tax Laws · PYQS · December 2022
Domino's Ltd. sold Pizza voucher worth ₹5,000 to its customer on 10th August, 2021, this voucher is not convertible into cash and only usable at Domino's pizza outlet within one year. Customer redeems ₹3,500 of this voucher on 14th February, 2022 and balance ₹1,500 on 31st March, 2022 at Domino's outlet. The time of supply in this case is:
(A) 10th August, 2021 for ₹5,000
(B) 14th February, 2022 for ₹5,000
(C) 14th February, 2022 for ₹3,500 and 31st March, 2022 for ₹1,500
(D) 31st March 2022 for ₹5,000

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: GST

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