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Flier Ontime of Supply Under GST 10 PDF
Flier Ontime of Supply Under GST 10 PDF
Flier Ontime of Supply Under GST 10 PDF
Kolkata: 1, Old Court House Corner, To a o House 1st Floor, R.No.-13 (North), Kolkata-700001
Gujarat: Quarter no. 3/174, Gujarat Refinery Township, Jawaharnagar, Vadodara-391320
In case of services it needs to be issued before or Time of supply of services when tax is to be
after the provision of service but not later than
thirty days from the date of provision of service.
paid on reverse charge basis
Earliest of the following dates will be considered as time
Time of supply of goods of supply:-
Earliest of the following dates will be considered as time Date of payment as entered in the books of
of supply:- account of the recipient or the date on which
the payment is debited in his bank account,
Date of issue of invoice by the supplier. If the
whichever is earlier
invoice is not issued, then the last date on which
the supplier is legally bound to issue the invoice Date immediately following 60 days from the
with respect to the supply. date of issue of invoice or any other legal
document in lieu of invoice by the supplier
However, if it is not possible to determine the time of
Date on which the supplier receives the payment
supply in aforesaid manner, then the time of supply is
the date of entry of the transaction in the books of
Time of supply of services accounts of the recipient of supply.
Earliest of the following dates will be considered as time In case of supply of services by Associated Enterprises
of supply:- located outside India the time of supply is the date of
entry in the books of account of the recipient or the date
Date of issue of invoice by the supplier or the of payment, whichever is earlier.
date of receipt of payment, whichever is earlier.
Time of supply in case of supply of vouchers
Date of provision of service or the date of
receipt of payment, whichever is earlier. A voucher is an instrument where there is an obligation
Date on which the recipient shows the receipt of to accept it as consideration for a supply of goods or
service in his books of account, in case the
services or both.
aforesaid two provisions do not apply.
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Time of supply in the case of single purpose voucher i.e. No No Earliest of New rate of
case where supply is identifiable at the time of issuance the date of tax
of voucher is the date of issue of voucher. However, in all invoice or
other cases of supply of vouchers, the time of supply. payment
In case it is not possible to determine the time of supply Yes No Date of issue Old tax rate
under aforesaid provisions, the time of supply is: of invoice
Due date of filing of return, in case where No Yes Date of Old tax rate
periodical return has to be filed. receipt of
Date of payment of tax in all other cases. payment
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