What will be the time of supply in case of services under reverse charge if:
(i) Date of Payment is 15July 2018.
(ii) Date of Invoice 15 May 2018.
(iii) Date of entry in books of receiver is 18.07.2018.
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Regarding Reverse Charge
Replies (10)
which ever is earlier . . .
I think it's very difficult.
You can enter the books of accounts before July you can't pay tax under RCM basis....
Also you can enter it your books of accounts in July but bill date is May then no need RCM....
If the bill date is change after July's date then you ll be pay Tax under RCM basis....
You can enter the books of accounts before July you can't pay tax under RCM basis....
Also you can enter it your books of accounts in July but bill date is May then no need RCM....
If the bill date is change after July's date then you ll be pay Tax under RCM basis....
@ raviraj. u book expenses in may and pay in July it is not part of gst... as per my knowledge.
@ raja sir gst has been implemented in july 2017 and my question is regarding 2017
Mr. Ravi Garg...
Actually your queries dated 2018.
is it correct...? Your question is exactly 2018 or wrongly enter the Date...?!
Hi
It appears that services have been provided prior to advent of GST i.e before 01.07.2017. Therefore, the services are taxable under the pre-gst service tax law, since the taxable event ie, provision of service has occured prior to 01.07.2017. The point of taxation rules ( Rule 3, as existed prior to 01.07.2017) provide that date of invoice is the point of taxation unless the payment is received prior to the issuance of invoice. Hence, the time of supply is 15.05.2017.
Hi
It appears that services have been provided prior to advent of GST i.e before 01.07.2017. Therefore, the services are taxable under the pre-gst service tax law, since the taxable event ie, provision of service has occured prior to 01.07.2017. The point of taxation rules ( Rule 3, as existed prior to 01.07.2017) provide that date of invoice is the point of taxation unless the payment is received prior to the issuance of invoice. Hence, the time of supply is 15.05.2017.
Hi
It appears that services have been provided prior to advent of GST i.e before 01.07.2017. Therefore, the services are taxable under the pre-gst service tax law, since the taxable event ie, provision of service has occured prior to 01.07.2017. The point of taxation rules ( Rule 3, as existed prior to 01.07.2017) provide that date of invoice is the point of taxation unless the payment is received prior to the issuance of invoice. Hence, the time of supply is 15.05.2017.
Hi
It appears that services have been provided prior to advent of GST i.e before 01.07.2017. Therefore, the services are taxable under the pre-gst service tax law, since the taxable event ie, provision of service has occured prior to 01.07.2017. The point of taxation rules ( Rule 3, as existed prior to 01.07.2017) provide that date of invoice is the point of taxation unless the payment is received prior to the issuance of invoice. Hence, the time of supply is 15.05.2017.
| Originally posted by : Ravi Garg | ||
 |
@ raja sir gst has been implemented in july 2017 and my question is regarding 2017 |  |
Once again I confused...
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