Time of supply for issuing service invoice
This query is : Resolved
04 January 2019
XYZ issued Service Invoice towards rental charges for laboratory equipment. The period contract is for the period 31.07.2018 to 02.11.2018 and the Invoice for the same is issued on 01.12.2018. Is it in line with the provisions under GST? If not, on which date invoice was required to be issued?
CA Anita Bhadra
(Expert)
04 January 2019
In my view - If depends on your contract .
As per sec 31(5) of CGST Act if due date of payment is ascertainable from the contract , the invoice shall be issued on or before the due date of payment
If not ascertainable - invoice shall be issued before or at the time of when supplier receives the payment
As per sec 31(5) of CGST Act if due date of payment is ascertainable from the contract , the invoice shall be issued on or before the due date of payment
If not ascertainable - invoice shall be issued before or at the time of when supplier receives the payment
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