<p style="margin-left:8px; margin-right:12px; text-align:justify"><span style="font-size:14px">A voucher has been defined in the CGST Act as an instrument where there is an obligation to accept it as consideration or part consideration for a supply of goods or services or both, and where the goods or services or both to be supplied or the identities of their potential suppliers are either indicated on the instrument itself or in related documentation, including the terms and conditions of use of such instrument. Vouchers are commonly used for transaction in the Indian economy. A shopkeeper may issue vouchers for a specific supply i.e. supply which is identifiable at the time of issuance of voucher. In trade parlance, these are known as single purpose vouchers. For example, vouchers for pressure cookers or television or for spa or haircut. Similarly a voucher can be a general purpose voucher which can be used for multiple purposes. For example a Rs. 1000/- voucher issued by Shopper&rsquo;s Stop store can be used for buying any product or service at any Shopper&rsquo;s Stop store. The time of supply is different in case of single purpose voucher and in the case of general purpose voucher.</span></p>

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<p style="margin-left:8px; margin-right:12px; text-align:justify"><span style="font-size:14px">Time of supply in the case of single purpose voucher i.e. case where supply is identifiable at the time of issuance of voucher is the date of issue of voucher. However, in all other cases of supply of vouchers, the time of supply is the date of redemption of voucher.</span></p>