Time of supply
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 October 2017
Dear Experts,
We have purchased the goods however the invoice date is 28/9/2017 and the goods was delivered on 9/10/2017 at the buyer premises. Pls tell me in this case what will be the time of supply to determine the tax liability whether it will be considered in September or in October,
Thanks
Mukesh
We have purchased the goods however the invoice date is 28/9/2017 and the goods was delivered on 9/10/2017 at the buyer premises. Pls tell me in this case what will be the time of supply to determine the tax liability whether it will be considered in September or in October,
Thanks
Mukesh
Udaya Chandran
(Expert)
11 October 2017
As per the rules, invoice should be issued at the time of removal of goods. Since the invoice is already issued, the date of invoice is deemed to be the date of supply. So, it is Sep month supply.
CA Rashmi Gandhi
(Expert)
11 October 2017
Date of invoice is considered as time of supply.
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