Time Of Supply

1. CH.SUDHEER C.A, C.M.A
4.1
Time of SupplyDay 4
Queries contact: vjabranchofsircoficai@gmail.com
Chapter 4
Particulars Supply of Goods (Section 31(1)) Supply of service( Section 31(2))
Generally
Before or at the time of,-
(a) removal of goods for supply to the
recipient, where the supply involves
movement of goods, or
(b) delivery of goods or making
available thereof to the recipient, in
any other case
Before or after the provision of service but
within 30 days from the date of supply of
services.
[45 days in case of insurance cos./banking and
financial institutions including NBFCs]
Continuous supply
In case of continuous supply of goods,
where
a) Successive statements of accounts
or
b) Successive payments are involved,
the invoice shall be issued before or at
the time each such statement is issued
or, as the case may be, each such
payment is received.
In case of continuous supply of services,-
Due date of payment Invoice to be issued
Ascertainable on or before the due
date of payment;
Not ascertainable before or at the time
when the supplier of
service receives the
payment
Payment is linked to
the completion of an
event
on or before the
date of completion
of that event.
Sale on approval
basis / Cease of
Supply of service
Before or at the time of supply
or
Six months from the date of removal,
whichever is earlier.
Such invoice shall be issued to the extent of the
supply made before such cessation
TIME OF SUPPLY
 Time of supply of goods or Services should be known to determine the point of time at
which GST becomes payable
 Before knowing the point of time when the GST becomes payable, we should know first
the point of time when the invoice is to be issued
GENERAL TIME LIMIT FOR RAISING INVOICES

2. CH.SUDHEER C.A, C.M.A
4.2
Time of SupplyDay 4
Queries contact: vjabranchofsircoficai@gmail.com
Supply of Goods (Section 12(2)) Supply of service( Section 13(2))
Earliest of the following:
(or)
Supply of Goods (Section 12(3)) Supply of service( Section 13(3))
1. TIME OF SUPPLY WHERE TAX IS PAYABLE UNDER FORWARD CHARGE
If
Invoice has
been Issued
Within time
u/s 31
Invoice has
not been
Issued Within
time u/s 31
DOI
Or
DOROP
DOC
Or
DOROP
Here Date of Receipt of payment means
a) Date of entry in the books of account
or
b) Date of credit in the Bank account
Note
Whichever is earlier
2. TIME OF SUPPLY WHERE TAX IS PAYABLE UNDER REVERSE CHARGE
Earliest of the followingEarliest of the following
Date of
Receipt of
goods
Date of
payment
31st
day from
date of issue
of invoice
Date of
payment
61st
day from
date of invoice
Here Date of Receipt of payment means
a) Date entered in the books of account of receipient
or
b) Date on which payment is debited in the Bank account
Note
Whichever is
earlier
DOI
Last date by
which
invoice must be
issued u/s 31

3. CH.SUDHEER C.A, C.M.A
4.3
Time of SupplyDay 4
Queries contact: vjabranchofsircoficai@gmail.com
3. TIME OF SUPPLY OF VOUCHERS EXCHANGEABLE FOR GOODS AND SERVICES
(Section 12(4) & 13 (4))
(a) Supply of goods or services is identifiable at the time of issue of voucher
 Date of issue of the voucher
(b) Other cases - Date of redemption of the voucher
4. TIME OF SUPPLY OF GOODS AND SERVICES IN RESIDUAL CASES
Where a periodical return is required to be filed - Due date of filing such return
5. TIME OF SUPPLY FOR ADDITION IN VALUE BY WAY OF INTEREST/ LATE
FEE/PENALTY FOR DELAYED PAYMENT OF CONSIDERATION
Addition in value by way of interest, late fee/penalty for delayed payment of consideration
Time of Supply - Date on which the supplier receives such addition in value.

4. CH.SUDHEER C.A, C.M.A
4.4
Time of SupplyDay 4
Queries contact: vjabranchofsircoficai@gmail.com
Supply Issue of
Invoice
Receipt of
Payment
Rate of Tax Time of supply
BEFORE BEFORE AFTER BEFORE Date of issue of invoice
BEFORE AFTER BEFORE BEFORE Date of receipt of payment
BEFORE AFTER AFTER AFTER Date of issue of invoice or date of
receipt of payment, whichever is earlier
AFTER AFTER BEFORE AFTER Date of issue of invoice
AFTER BEFORE AFTER AFTER Date of receipt of payment
AFTER BEFORE BEFORE BEFORE Date of issue of invoice or date of
receipt of payment, whichever is earlier
6. CHANGE IN RATE OF TAX
In case of change in rate of tax, determination of rate of tax depends upon three events namely,-
Date of supply
of goods or
services
Date of
invoice; and
Date of
receipt of
payment
If any two of the above events occur before the change of rate, the time of supply is before the
change of rate. If any two of them occur after the change of rate, the time of supply is after the
change of rate and the new rate becomes applicable to the supply. Using this principle, time of
supply, in case of change in rate of tax, can be determined as under: