Mr. X provides service on 1-4 2018 to Mr. Y
The service is taxable on forward
charge basis
Mr. Y waits for Mr. X to issue invoice in the prescribed period(as per rule 47 i.e 30 days from the provision of service) but Mr. X provides invoice on 1-6-2018
And payment was made immediately after receiving invoice
When to charge GST? (what is the time of supply?)
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time of supply of service
Replies (3)
Time of supply should be the date of provision of service (i.e., April 1, 2018 in your case), as the invoice has not been issued within the prescribed time limit.
But that time has alredy passed
Date of payment (or) Date of completion of service which ever is earlier.
Date of payment: Date as on supplier recoreded payment in his books (or) Date as on amount is credited into the supplier's bank whichever is earlier.
Date of payment: Date as on supplier recoreded payment in his books (or) Date as on amount is credited into the supplier's bank whichever is earlier.
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