SUPPY

Incidence of tax-
on the supply of
goods or services
or both

Time of supply-
POINT OF TIME when
tax is payable on a Supply- movement
transaction/ date on of goods or services
which charging event
has occurred.

Tax is levied on the

basis of time and
place of supply
DETERMINATION TIME OF SUPPLY OF
GOODS

Time of supply of
goods( sec 12)

Under forward Under reverse Goods supplied

For residuary
charge basis sec 12 charge basis sec through vouchers
cases sec 12(5)
(2) 12(3) sec 12(4)
Time of supply of goods under forward charge sec
12(2)

Date
Date of
of recording
recording the
the Date
Date on
on which
which
Date
Date of
of issue
issue or
or due
due
date of issue
issue of OR payment in the
the books
books OR payment
payment is
is credited in
of
of account
account ofof the
the the bank
bank account
account of
of
invoice
invoice under
under sec
sec 31
supplier
supplier supplier
supplier

Whichever is earlier

Only date of invoice is Now amended

considered
Time of supply of goods under reverse
charge sec 12(3)

Time of supply

Date of receipt of
Date of payment recorded in the 31st day from the
goods
books of recipient/payment is debited issue of invoice by
from the bank account supplier

Whichever is earlier
Time of Supply of goods through vouchers sec
12(4)
Time of
supply

If supply is If supply is not

identifiable identifiable

Date of
Date of issue
redemption
of voucher
of voucher
Residual cases sec 12 (5)

Addition in value of
Residuary cases(if supply by way of
the above clauses interest, penalty
are not applicable), for delayed
payment 12(6)

Date on which
In other cases the supplier receives
Due date of
date on which tax such addition in
periodical return or
is paid value
Determination of time of supply of
services sec 13

Time of supply

Under Under
forward Through Residuary
reverse
charge sec vouchers sec cases sec
charge sec
13(2) 13(4) 13(5)
13(3)
Time of supply of services under forward
charge sec13(2)

date when invoice was issued or date

When invoice is issued when the payment was received by
the supplier whichever is earlier

date of completion of service

When invoice is not
or date of receipt of
issued,
payment whichever is earlier

Invoice is not issued and • Date on which the receipt of

payment is also not services entered in the books of
received accounts of recipient
Time of supply of services under reverse charge sec13 (3)

Date when payment

entered
entered in
in the
the Date following 60
books
books or
or debited in OR
OR days
days from
from the
the date
date
Time
Time of
of supply
supply
bank
bank account
account of
of of
of issue
issue of
of invoice
invoice
recipient
recipient

Whichever is earlier
Time of Supply of services through vouchers
sec 13(4)
Time of
supply

If supply is If supply is not

identifiable identifiable

Date of
Date of issue
redemption
of voucher
of voucher
Residual cases sec 13 (5)

Addition in value of
supply by way of
Residuary cases(if interest, penalty for
the above clauses delayed
are not payment,13(6)
applicable),
Date on which
supplier receives
Due date of In other cases such addition in
periodical the date on value
return or which tax is
paid