Determine the time of supply in the following cases: (i) Bhansali Ltd. sells goods to Chopra Ltd. on 4 th June. The goods are taxable under reverse…

(i) Time of supply of the goods is 12 th June being the earliest of the three stipulated dates namely: date of receipt of goods,date of payment anddate immediately following 30 days of issuance of invoice. (ii) 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, In the given case, As the supply against which the coupon will be redeemed is not known on the date of the sale of the coupon, the time of supply of the coupon will be the date on which the employee redeems it against food / provision items of his choice.