As on 10 November 2026, what is the position under section 12 of the Central Goods and Services Tax Act, 2017 on the time of supply of vouchers exchangeable for goods?
Question and options
As on 10 November 2026, what is the position under section 12 of the Central Goods and Services Tax Act, 2017 on the time of supply of vouchers exchangeable for goods?
Sub-section (4) was amended to fix the date of issue for vouchers
Sub-section (4) applies, fixing the date of issue where the supply is identifiable
Sub-section (4) applies, fixing the date of redemption of the voucher
Sub-section (4) has been omitted, and section 12 no longer has a voucher rule
Answer and explanation
Section 122 of the Finance Act, 2025 omitted section 12(4) of the CGST Act, 2017 with effect from 1 October 2025, so the Act no longer has a dedicated time-of-supply rule for goods vouchers. The rule that the date of issue applies where the supply is identifiable, and the date of redemption in other cases, is the omitted law; section 13(4) for service vouchers was omitted at the same time.
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