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CS Executive · Tax Laws and Practice · Time, Value and Place of Supply

Under section 13(4) of the CGST Act, 2017, a supplier issues a gift voucher that can be used only for one specified service at a fixed price, so the supply is identifiable at issue. The time of supply is:

The time of supply is the date of issue of the voucher. Where the supply is identifiable at the point of issue, the voucher's issue date fixes the time of supply; redemption date applies only in all other cases where the supply is not identifiable.

  1. AThe date of redemption of the voucher
  2. BThe date of issue of the voucherCorrect
  3. CThe date on which tax is paid by the supplier
  4. DThe date of the periodical return

Explanation

Section 13(4) says the time of supply of a voucher is the date of issue if the supply is identifiable at that point, and the date of redemption in all other cases. Here the supply is identifiable, so the issue date applies. Redemption date applies only when the supply is not identifiable.

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