Time of supply
This query is : Resolved
p.sunil kumar reddy
(Querist)
27 June 2017
UNDER GST
4) In case of supply of vouchers by a supplier, the time of supply shall be—
(a) the date of issue of voucher, if the supply is identifiable at that point; or
(b) the date of redemption of voucher, in all other cases.
SIR,tell me the meaning of clause a and b
4) In case of supply of vouchers by a supplier, the time of supply shall be—
(a) the date of issue of voucher, if the supply is identifiable at that point; or
(b) the date of redemption of voucher, in all other cases.
SIR,tell me the meaning of clause a and b
CA. Vinodh Kothari
(Expert)
27 June 2017
Supply Identifiable means - Voucher eligible for Samsung 32 Inch TV it means supply eligible. If voucher issued on 1/7/17 time of supply will be 1/7/17
Other Cases - Sodox Voucher Rs.100/- can be used either for food / shopping etc. That means supply not identifiable at the time of issue but at the time of redemption. Time of Supply will be date of redemption. Eg. Voucher issued on 01/07/17 but redeemed on 15/8/17 time of supply will be 15/8/17
VK
Other Cases - Sodox Voucher Rs.100/- can be used either for food / shopping etc. That means supply not identifiable at the time of issue but at the time of redemption. Time of Supply will be date of redemption. Eg. Voucher issued on 01/07/17 but redeemed on 15/8/17 time of supply will be 15/8/17
VK
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
