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Time of supply of a voucher under Sec 12(4)/13(4): if the supply is identifiable at the time of issue:
ADate of redemption of voucher
BDate of issue of voucher
CDate of expiry of voucher
DDate of payment
Answer & Solution
Correct answer: B. Date of issue of voucher
1. If the specific supply being purchased is identifiable when the voucher is issued (e.g. voucher for a particular restaurant only), time of supply is the date of issue.
2. If the supply is NOT identifiable at issuance (e.g. a multi-store gift card), time of supply is the date of redemption.
3. This applies symmetrically to goods (Sec 12(4)) and services (Sec 13(4)).
_Source: ICAI BoS CA Final Paper 8, Ch 4 "Time of Supply", §Sec 12(4)/13(4)_
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