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Time of Supply
Indirect Taxation
Under sec 12(4) the time of supply of identifiable supply is date of issue of voucher .But there will be last date for all the type of vouchers to be used. Not all who got the vouchers will use it . But the supplier will mark it as supply once he has issued the voucher . In such case what if the the person who has the voucher didn't use it. How will the supplier adjust it in his books for which he has already entered as supply.
Answers (3)
Section 12(4) of the Central Goods and Services Tax Act, 2017 (CGST Act) provides that the time of supply of goods or services or both, where the supply is identifiable at the time of issue of voucher, shall be the date of issue of voucher, if the supply is not made within a specified period.
CA Suraj Lakhotia Admin
Section 12(4) of the Central Goods and Services Tax Act, 2017 (CGST Act) provides that the time of supply of goods or services or both, where the supply is identifiable at the time of issue of voucher, shall be the date of issue of voucher, if the supply is not made within a specified period.
So even if not redeemed, gst would be payable. Unless, the supplier issues a credit note for refunding the amount.
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