This document discusses the time of supply under the Goods and Services Tax (GST) in India. It defines time of supply as the time when goods or services are considered supplied. For goods, the time of supply is generally the date of invoice, date for invoice, or date of payment, depending on the circumstances. For services, the time of supply also depends on whether it is under forward charge, reverse charge, vouchers, or other instances. The document provides examples and outlines the specific provisions around time of supply for goods and services.

1. Mr. M. Manikandan
Assistant Professor,
Department of Commerce,
ANJA College,
Sivakasi.

2. TIME OF SUPPLY

3. Supply under GST
• Supply includes sale, transfer,
exchange, barter, license, rental,
lease and disposal. If a person
undertakes either of these
transactions during the course or
furtherance of business for
consideration, it will be
covered under the meaning of
Supply under GST.

4. Supplier under GST
• Under GST, a supplier in someone
who supplies any goods or services.
• A supplier also includes an agent
acting on behalf of a supplier for
supply of goods or services.

5. Levy of Tax on Supply of Goods
Levy of Tax on Supply is dependent upon three
key factors.
Time of Supply
Value of Supply
Place of Supply

6. Time of Supply
• Time of supply means the time of when
goods/services are considered to as supplied.
• In time under GST determines the rate of tax,
value as well as due dates for payment of taxes.
• When the seller knows the 'time', it helps him
identify due date for payment of taxes.

7. Time of Supply of goods/services
• The date of issue of invoice by the Supplier; or
• The last date on which the taxpayer should issue
the invoice with respect to the supply; or
• The date on which the Supplier receives the
payment with respect to the supply.
• Time of supply means the point in time when
goods/services are considered supplied'.
• When the seller knows the 'time', it helps him
identify due date for payment of taxes.
• CGST/SGST or IGST must be paid at the time of
supply.

8. Provisions regarding time of supply of goods
Provisions regarding time of supply revolve
around four categories:
• Forward Charge Mechanism
• Reverse Charge Mechanism
• Vouchers
• All Other Instances

9. Forward Charge Mechanism
• Date of Issue of Invoice
• Due Date for Issue of Invoice
• Date of Receipt of Payment
Reverse Charge Mechanism
• Date of receipt of goods
• The date immediately after THIRTY days
from the date of issue of invoice by the
supplier (60 days for services)
• Date of payment

10. Vouchers
In case a supplier gets vouchers in lieu of supply of
goods, the time of supply is determined as under:
• The first case is the one where the supply is
identifiable at the time of the issue of the
voucher. The time of supply in such a scenario is
taken as the date of issue of the voucher.
• The second case relates to the one where supply
is not identifiable at the time of issue of the
voucher. In this scenario, date of redemption of
the voucher would be taken as the time of supply.

11. All other instances
In case of instances other than the ones
mentioned above, the time of supply is taken
as:
• Due-date for filing periodic returns or
• In other cases, the date of payment of GST

12. Example:
(a) Date of invoice 15th May 2019
(b) Date of receipt of payment 10th July 2019
(c) Date when supplier recorded receipt in
books 11th July 2019
Time of supply will be 15th May 2019

13. Example:
(a) Date of receipt of goods 15th May 2019
(b) Date of payment 15th July 2019
(c) Date of invoice 1st June 2019
(d) Date of entry in books of receiver 18th May 2019
Time of supply of goods 15th May 2019 If for some
reason time of supply could not be determined supply
under (a), (b) or (c) then it would be 18th May 2019
i.e., date of entry

14. Provisions regarding time of supply of
services
Provisions regarding time of supply revolve
around four categories:
• Forward Charge Mechanism
• Reverse Charge Mechanism
• Vouchers
• All Other Instances

15. Time of supply of services under Forward
Charge Mechanism
• Date of issue of Invoice by the Supplier: if the
Supplier issues the invoice within 30 days of
providing service or the date of receipt of
payment, whichever is earlier; or
• The date of provision of service, if the Supplier
fails to provide the invoice within 30 days of
providing service or the date of receipt of
payment, whichever is earlier; or
• The date on which the recipient shows the
receipt of services in his books of account.

16. Time of Supply of services under Reverse
Charge Mechanism
• The date on which payment is made
• The date immediately following 60 days from
the date of issue of an invoice from a supplier
Time of Supply of services under vouchers
• The date of issue of voucher, if the supply can
be identified at that point
• The date of redemption of voucher

17. Time of Supply of services under All Other
Instances
If it is not possible to determine the time of
supply by the above provisions, then it will be
• The date on which a periodical return has to
be filed
• The date on which the CGST/SGST is paid, in
any other case.

18. Time of supply of services in case of supply by
associated enterprises located outside India
• The date of entry in the books of account of
the receiver
• The date of payment - whichever is earlier

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