Chapter -5 Time & Value

of Supply
Small Revision of Sections
Section -7 Supply
Section -8 Taxability of Composite
& Mixed Supply
Section -9 Levy & Collection of Tax
Section -10 Composition Scheme
Section -11 Exemptions
 Unit –I Time
of Supply

Time of Supply Time of Supply

of Goods of Services
(Section -12) (Section -13)
 Time of Supply of Services
(Section -13)

Under Forward Under Reversed Supply of Addition in the

Misc. Provision
Charge Charge Vouchers Value
(S -13(5))
(S -13(2)) (S -13(3)) (S -13(4)) (S -13(6))
 Section -13 Time
of Supply of
Services

If Invoice is issued with in time If Invoice is not issued with in

period prescribed U/s 31 time period prescribed U/s 31
(S. 13(2)(a)) (S. 13(2)(b))

* Date of Invoice * Date of Provision of Service

or or
* Date of Receipt of Payment * Date of Receipt of Payment
W. E. Earlier W. E. Earlier
Section 31(2) – Tax Invoice
A registered person supplying taxable services
shall, before or after the provision of service but
within a prescribed period, issue a tax invoice,
showing the description, value, tax charged
thereon and such other particulars as may be
prescribed. (Where ????? – Rule -47)

Government May Grant Relaxations for

categories of Services
 Any other Document may be issued
 Tax Invoice may not be issued
Rule -47 – Normal Situations
The invoice referred to in rule 46, in
the case of the taxable supply of
services, shall be issued within a
period of 30 days from the date of the
supply of service
Rule -47 – For Insurer or a banking
company or a financial institution, including
a non-banking financial company

The invoice or any document in lieu

thereof is to be issued shall be 45
days from the date of the supply of
service
Rule -47 – insurer or a banking company or a financial
institution, including a non-banking financial company,
or a telecom operator, or any other class of supplier of
services as may be notified by the Government on the
recommendations of the Council, making taxable
supplies of services between distinct persons as
specified in Section 25.

Before the expiry of the Quarter

during which the supply was made
 Section -13(5) For Continuous
Supply of Service
Due date of Payment is Ascertainable
from the Contract – Due date of
Payment
Due date is not Ascertainable from the
Contract – Date of Payment
When payment is link to Completion of
Event – On or before date of
Completion of Event
Section -13(6) Supply of Service
ceases under a Contract.

At the time of Supply ceases Such

invoice shall be issued to the Extent of
Supply made.
 Section -13 Time
of Supply of
Services

If Invoice is issued with in time If Invoice is not issued with in

period prescribed U/s 31 time period prescribed U/s 31
(S. 13(2)(a)) (S. 13(2)(b))

* Date of Invoice * Date of Provision of Service

or or
* Date of Receipt of Payment * Date of Receipt of Payment
W. E. Earlier W. E. Earlier
Date of Receipt of Payment -
Clarification
“the date of receipt of payment” shall
be the date on which the payment is
entered in the books of account of the
supplier or the date on which the
payment is credited to his bank
account, whichever is earlier.
Section 13(2)(C)
the date on which the recipient shows
the receipt of services in his books of
account, in a case where the
provisions of clause (a) or clause (b)
do not apply:
Exception to Section 13 (2) – TOS –
Forward Charge
where the supplier of taxable service
receives an amount up to 1,000/-
rupees in excess of the amount
indicated in the tax invoice, the time of
supply to the extent of such excess
amount shall, at the option of the said
supplier, be the date of issue of invoice
relating to such excess amount.
Exception to Section 13 (3) – TOS –
Reverse Charge
(a) Date of Receipt of Payment (Recorded in BOA
or Debited from Bank stmt. , W.E. Earlier)

(b) 61st Day of the date of Issuance of Invoice or

Any other Documents
W. E. Earlier
 Provided that where it is not possible to determine the
time of supply under clause (a) or clause (b), the time of
supply shall be the date of entry in the books of account of
the recipient of supply: