Menu
time of supply
M/s Ramchandra associates has received some taxable services from MD Ltd. on 12.01.2020 by making a cash payment of Rs. 5,00,000 on same day . The payment was entered in books of Ramchandra associates on 16.01.2020 and in the books of account of MD Ltd. on 20.01.2020 .The invoice was issued by MD Ltd. on 18.01.2020 . what is the time of supply?
Replies (3)
earliest
1. date of invoice issue
2. date of advance or payment
3. last date on which invoice should have been issue
1. date of invoice issue
2. date of advance or payment
3. last date on which invoice should have been issue
whats the exact answer according to this this , you have only told the legal provisions
the case of yours is supplies of service which shall be dealt as follows
1.issue of invoice (if within 30days)
or receipt of payment
TAKE WHICHEVER IS EARLIER
2. ISSUE OF INVOICE (AFTER 30DAYS)
SEE PROVISION OF SERVICE AGAINST DAT PF PAYMENT AND TAKE WHICHEVER IS EARLIEST
ANSWER IS 12/01/2020
1.issue of invoice (if within 30days)
or receipt of payment
TAKE WHICHEVER IS EARLIER
2. ISSUE OF INVOICE (AFTER 30DAYS)
SEE PROVISION OF SERVICE AGAINST DAT PF PAYMENT AND TAKE WHICHEVER IS EARLIEST
ANSWER IS 12/01/2020
Recent Topics :
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
- Question on buy back of shares
- Saving corporate tax completely on profit from rea
- Hi experts need some helps
- A query regarding GST and Place of Supply:
- ADT-3 not filed by previous Auditor
- Revising salary on 24Q Q4 FY 25-26
- LTCG: Home Loan Principal Repayment?
Related Topics :
CAclubindia
