Section 13
Time of supply of services.
GST
TIME AND VALUE OF SUPPLY
Section 13 of Central Goods And Services Tax Act, 2017
Time of supply of services.
13. (1) The liability to pay tax on services shall arise at the time of supply, as determined in accordance with the provisions of this section.
(2) The time of supply of services shall be the earliest of the following dates, namely:-
(a) the date of issue of invoice by the supplier, if the invoice is issued within the period prescribed under 1[****] section 31 or the date of receipt of payment, whichever is earlier; or
(b) the date of provision of service, if the invoice is not issued within the period prescribed under 1A[****] section 31 or the date of receipt of payme
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e date on which the payment is entered in the books of account of the supplier or the date on which the payment is credited to his bank account, whichever is earlier.
(3) In case of supplies in respect of which tax is paid or liable to be paid on reverse charge basis, the time of supply shall be the earlier of the following dates, namely:
(a) the date of payment as entered in the books of account of the recipient or the date on which the payment is debited in his bank account, whichever is earlier; or
(b) the date immediately following sixty days from the date of issue of invoice or any other document, by whatever name called, in lieu thereof 2[by the supplier, in cases where invoice is required to be issued by the supplier; or]
3[(c
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time of supply shall
(a) in a case where a periodical return has to be filed, be the date on which such return is to be filed; or
(b) in any other case, be the date on which the tax is paid.
(6) The time of supply to the extent it relates to an addition in the value of supply by way of interest, late fee or penalty for delayed payment of any consideration shall be the date on which the supplier receives such addition in value.
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NOTES:-
1.
Omitted vide Section 7 of the Central Goods and Services Tax (Amendment) Act, 2018 w.e.f 01-02-2019 before it was read as, “sub-section (2) of”
1A.
Omitted vide Section 7 of the Central Goods and Services Tax (Amendment) Act, 2018 w.e.f 01
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