Determine the time of supply in the following transactions: Grocery supplier company issues a voucher of ₹ 3,500 for purchase of any item from its stores against bulk purchase.
CS Professional · Advanced Tax Laws · PYQS · June 2021
Determine the time of supply in the following transactions: Grocery supplier company issues a voucher of ₹ 3,500 for purchase of any item from its stores against bulk purchase.
Answer & Explanation:
Since as per Section 12(4) of Central Goods and Services Tax Act, 2017 the voucher of ₹ 3,500 is an unidentifiable voucher the date of redemption of the voucher would be the time of supply.
Topics: GST - Time of Supply
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