For Time of supply of goods in forward charge last date for issue of invoice is......?
Can any body clarify me please.
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Time of supply
Replies (3)
In Case Of Taxable Supply of Goods
A) Involving Movement of Goods- At The Time of Removal
B) No Movement of Goods - At The Time of Delivery
C) Sale or return supplies- i- Before or at the time of supply , or
ii-within 6 months from the removal
( whichever is earlier in i & ii )
Time of Supply of Goods
Time of supply of goods is earliest of:
1. Date of issue of invoice
2. Last date on which invoice should have been issued
3. Date of receipt of advance/ payment*.
Time of supply of goods is earliest of:
1. Date of issue of invoice
2. Last date on which invoice should have been issued
3. Date of receipt of advance/ payment*.
As the GST on Advance for supply of Goods is being Deferred by Notification 40/2017 CT , the Time of supply of goods will be Removal of goods supply to Recepeint on Tax Invoice (As per section 31)
Note : Above not applicable to composit dealer
Note : Above not applicable to composit dealer
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