From the following information provided by M/s Sasta Bazaar. Determine the time of supply for the purpose of payment of GST: (i) It issued coupon on…

As per section 12 (4) of the CGST Act, 2017, the time of supply of vouchers exchangeable for goods is- Date of issue of the voucher, if the supply that it covers is identifiable at that point, orDate of redemption of the voucher in other cases. (i) In the given case, supply can be identified at the time of purchase of the coupons. Therefore, the time of supply of the coupons is the date of their issue i.e. 20.06.2023. (ii) In the given case, supply cannot be identified at the time of purchase of the coupons. Therefore, the time of supply of the coupons is the date of their redemption i.e. 18.08.2023. (iii) Section 12 (6) of the CGST Act, 2017 prescribes that time of supply in case of addition in value on account of interest/ late fee/penalty for delayed payment of consideration for goods is the date on which the supplier receives such addition in value. Therefore, time of supply in the given case is 11.11.2023.