In case of supply of vouchers by a supplier, the time of supply shall be—

  1. the date of issue of voucher, if the supply is identifiable at that point; or
  2. 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

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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 Answer
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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.