Time of Supply

An order is placed on Ram & Co. on 18th August for supply of a consignment of customized shoes. Ram & Co. gets the consignment ready and informs the customer and issues the invoice on 2nd December. The customer collects the consignment from the premises of Ram & Co. and takes to his warehouse on 7th December and electronically transfers the payment on the same date, which is entered in the accounts on the next day, 8th December.

• 18th August
• 2nd December
• 7th December
• 8th December

Bajrang Pvt. Ltd. agreed to supply goods to Bhagirathi Pvt. Ltd. for ` 1,50,000 on 23rd June. Next day, it removed the goods from its factory and issued the invoice on 25th June.

• •23rd June
• •24th June
• •25th June
• •15th July

Hanuman Pvt. Ltd. agreed to supply toys to Ganga Pvt. Ltd. for Rs. 1,50,000 on 23rd June and received an advance of Rs.1,00,000 on the same day. Next day, it removed the toys from its factory and issued the invoice on 25th June. Balance payment of Rs. 50,000 was made by Ganga Pvt. Ltd. on 15th July. The time of supply of the advance of Rs. 1,00,000 and balance payment of Rs. 50,000 shall be_________ and ____________.

• •23rd June; 15th July
• 24th June ; 24th June
• •25th June; 25th June
• •15th July; 15th July

Determine the time of supply of goods with the help of the information provided below: May 11 --Supplier – Dhriti Enterprises – issues invoice for the goods taxable on reverse charge basis to Parminder Constructions Ltd. May 12 -- Parminder Constructions Ltd. receives the goods. May 30 --Parminder Constructions Ltd. issues a cheque and records payment in its books of accounts. May 31 --Payment is debited from the bank account of Parminder Constructions Ltd. June 1 --Payment is credited in bank account of Dhriti Enterprises. June 2 --Payment is recorded in the books of Dhriti Enterprises

• •May 12
• •May 30
• •June 11
• •June 1

Meal coupons are sold to a company on 9th August for being distributed to the employees of the said company. The coupons are valid till 31st December and can be used against purchase of any of food items. The employees use them in various stores for purchases of various edible items on different dates till the date of validity. What is the date of supply of the coupons if employee Mr. Ghanshyam redeems it on 15th November.

• 31st December
• 9th August
• 15th November
• Either 9th August or 15th November