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Vouchers redeemable for ANY product at a specific online marketplace at the customer's choice. Time of supply is:
ADate of redemption
BDate of issue of voucher
CDate of payment
DDate of expiry
Answer & Solution
Correct answer: A. Date of redemption
1. The specific underlying supply is not identifiable at issuance (customer can pick any product on the marketplace).
2. Sec 12(4)(b) / 13(4)(b) makes time of supply the date of redemption of the voucher.
3. If the voucher was for a specific product/store, it would be the date of issue.
_Source: ICAI BoS CA Final Paper 8, Ch 4 "Time of Supply", §Sec 12(4)(b)/13(4)(b)_
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