Goods and Services Tax – GST – By: – Puneet Agrawal – Dated:- 5-11-2016 – TIME OF SUPPLY OF SERVICES Rules for determining time of supply of services are contained in Section 13 of the CGST/ SGST Act. Even for the purpose of determining time of supply of services, made in the course of inter-state trade or commerce, Section 13 of the CGST/ SGST Act would be applied. Section 13 is pari materia to the Point of taxation Rules, 2011 as contained in the service tax law. Time of supply of service shall be: If invoice is issued within the prescribed period, the earliest of: date of issue of invoice; or date of receipt of payment If invoice is not issued within the prescribed period, the earliest of: date of completion of provision of service; or
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le from contract, earlier of Each receipt of payment by supplier; Each issuance of invoice Where payment is linked to completion of an event – Time of completion of that event. Although continuous supply of services is defined in Section 2(31) of the CGST Act but for the purpose of the above provision that definition does not apply. Central Government/ State Government, on recommendation of council, would notify the services that shall be treated as continuous supply of services . In case tax is payable under reverse charge, time of supply shall be earliest of following: date of receipt of services; date on which payment is made; date of receipt of invoice; date of debit in the books of accounts. Where supply of service ceases before its co
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