Time of supply rules removed for voucher transactions, altering tax treatment where vouchers are neither goods nor services. The amendment deletes the provision on time of supply for transactions in vouchers by omitting sub section (4) of section 13, thereby removing the statutory rule that governed when voucher transactions-characterised as neither supply of goods nor supply of services-were treated as supplies for determining the time at which tax liability arises.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Time of supply rules removed for voucher transactions, altering tax treatment where vouchers are neither goods nor services.
The amendment deletes the provision on time of supply for transactions in vouchers by omitting sub section (4) of section 13, thereby removing the statutory rule that governed when voucher transactions-characterised as neither supply of goods nor supply of services-were treated as supplies for determining the time at which tax liability arises.
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