This document discusses the time of supply under the Goods and Services Tax (GST) in India. It outlines when the liability to charge GST arises for different types of supplies. For goods, the time of supply is generally the date of invoice or date of removal of goods. For services, the time of supply varies depending on factors like whether payment terms are specified, whether the supply is continuous, or whether the supply is linked to completion of an event. Special cases like advances, interest/penalty charges, and returns are also covered. The document provides guidance on determining the time of supply to correctly charge GST.

1. Times of Supply
Supply is deemed
to have been made.
Fixes the point
when the liability to
charge GST arises.
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122159

2. Time Limit for issuance of invoice in respect
of Goods (Section 31)
Supplier of Goods
Before at the time of
Removal of goods for
supply
Making available thereof
to the recipient
Continuous supply of
Goods
Before at the time of
Statement of accounts
or successive payment is
Issued
Goods sent on approval
Basis
Goods are removed
before the supply take
place
Before or at the time of
supply 6 months from
the data of Removal
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122159

3. Time of Supply
Supply of Goods
Forward Charge
Date of Invoice
Date upto which
invoice is required
to be issued
Date of payment
Reverse Charge
Date of Payment
31 day from the
data invoice is
issued by supplier
Vouchers
exchangable for
Goods
Supply is
identifiable at the
time of Issue
Date of issue of
voucher
Other Case
Residues Cases
Return failed
Due date of
Return
Other case
Date on which tax
paid
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122159

4. Special Points-
1. No GST on advances received for Supply of Goods – Exemption
In short, in case of forward charge:
GST to be paid on :-
i. Date of issue of Invoice
ii. Date upto which invoice is rewarded to be issued
2. In case of reverse charge, if time of supply cannot be
determined
in that case it will be :-
Date of entry in the books of accounts of recipient of Supply.
3. Addition in value by way of interest, late fee/penalty for
delayed
payment Date in which supplier receives such addition in value.
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122159

5. Time limit for issuance of Invoice
in respect of Services (Section 31)
Taxable Supply of Services
Insurances, Banks
etc.
Other Services
Continuous Supply of
Services
Due date of payment is
ascertainable from
contract
Due date of payment is
not ascertainable
Payment is linked to
completion of event
Aryan Sahu
122159