What is the time of supply, where supply is completed prior to change in rate of tax?

What is the time of supply, where supply is completed prior to change in rate of tax?
Question 11
Bill
Time of Supply
Faq On GST (2nd Edition) Dated 31.3.2017
Q 11. What is the time of supply, where supply is completed prior to change in rate of tax?
Ans. In such cases time of supply will be
(i) where the invoice for the same has been issued and the payment is also received after the change in rate of tax, the time of supply shall be the date of receipt of payment or the date

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What is the time of supply applicable with regard to addition in the value by way of interest, late fee or penalty or any delayed payment of consideration?

What is the time of supply applicable with regard to addition in the value by way of interest, late fee or penalty or any delayed payment of consideration?
Question 9
Bill
Time of Supply
Faq On GST (2nd Edition) Dated 31.3.2017
Q 9. What is the time of supply applicable with regard to addition in the value by way of interest, late fee or penalty or any delayed payment of consideration?
Ans. The time of supply with regard to an addition in value on account of interest, late fee

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What is the time of supply of service in case of tax payable under reverse charge?

What is the time of supply of service in case of tax payable under reverse charge?
Question 8
Bill
Time of Supply
Faq On GST (2nd Edition) Dated 31.3.2017
Q 8. What is the time of supply of service in case of tax payable under reverse charge?
Ans. The time of supply will be the earlier of the following dates:
a) date on which payment is made; or
b) the date immediately following sixty days from the date of issue of invoice by the supplier.
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Statute, statutory provisi

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What is the time of supply of goods in case of tax payable under reverse charge?

What is the time of supply of goods in case of tax payable under reverse charge?
Question 7
Bill
Time of Supply
Faq On GST (2nd Edition) Dated 31.3.2017
Q 7. What is the time of supply of goods in case of tax payable under reverse charge?
Ans. The time of supply will be the earliest of the following dates:
a) date of receipt of goods; or
b) date on which payment is made; or
c) the date immediately following 30 days from the date of issue of invoice by the supplier.
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Suppose, part advance payment is made or invoice issued is for part payment, whether the time of supply will cover the full supply?

Suppose, part advance payment is made or invoice issued is for part payment, whether the time of supply will cover the full supply?
Question 6
Bill
Time of Supply
Faq On GST (2nd Edition) Dated 31.3.2017
Q 6. Suppose, part advance payment is made or invoice issued is for part payment, whether the time of supply will cover the full supply?
Ans. No. The supply shall be deemed to have been made to the extent it is covered by the invoice or the part payment.
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Statute, statu

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Where it is not possible to determine the time of supply in terms of sub-section 2, 3, 4of Section 12 or that of Section 13 of CGST/SGST Act, how will time of supply be determined?

Where it is not possible to determine the time of supply in terms of sub-section 2, 3, 4of Section 12 or that of Section 13 of CGST/SGST Act, how will time of supply be determined?
Question 4
Bill
Time of Supply
Faq On GST (2nd Edition) Dated 31.3.2017
Q 4. Where it is not possible to determine the time of supply in terms of sub-section 2, 3, 4of Section 12 or that of Section 13 of CGST/SGST Act, how will time of supply be determined?
Ans. There is a residual entry in Section

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What is time of supply in case of supply of vouchers in respect of goods and services?

What is time of supply in case of supply of vouchers in respect of goods and services?
Question 3
Bill
Time of Supply
Faq On GST (2nd Edition) Dated 31.3.2017
Q 3. What is time of supply in case of supply of vouchers in respect of goods and services?
Ans. The time of supply of voucher in respect of goods and services shall be;
a) the date of issue of voucher, if the supply is identifiable at that point; or
b) the date of redemption of voucher in all other cases.
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Sta

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When does the liability to pay GST arise in respect of supply of goods and Services?

When does the liability to pay GST arise in respect of supply of goods and Services?
Question 2
Bill
Time of Supply
Faq On GST (2nd Edition) Dated 31.3.2017
Q 2. When does the liability to pay GST arise in respect of supply of goods and Services?
Ans. Section12 & 13 of the CGST/SGST Act provides for time of supply of goods. The time of supply of goods shall be the earlier of the following namely,
(i) the date of issue of invoice by the supplier or the last date on which he is

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What is time of supply?

What is time of supply?
Question 1
Bill
Time of Supply
Faq On GST (2nd Edition) Dated 31.3.2017
5. Time of Supply
Q 1. What is time of supply?
Ans. The time of supply fixes the poi

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Will import of services without consideration be taxable under GST?

Will import of services without consideration be taxable under GST?
Question 25
Bill
Meaning and Scope of Supply
Faq On GST (2nd Edition) Dated 31.3.2017
Q 25. Will import of services without consideration be taxable under GST?
Ans. As a general principle, import of services without consideration will not be considered as supply under GST in terms of Section 3. However, import of services by a taxable person from a related person or from any of his other establishments outsid

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Are there any activities which are treated as neither a supply of goods nor a supply of services?

Are there any activities which are treated as neither a supply of goods nor a supply of services?
Question 23
Bill
Meaning and Scope of Supply
Faq On GST (2nd Edition) Dated 31.3.2017
Q 23. Are there any activities which are treated as neither a supply of goods nor a supply of services?
Ans. Yes. Schedule-III of the model GST law lists certain activities such as (i) services by an employee to the employer in the course of or in relation to his employment, (ii) services by any

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What is a mixed supply?

What is a mixed supply?
Question 21
Bill
Meaning and Scope of Supply
Faq On GST (2nd Edition) Dated 31.3.2017
Q 21. What is a mixed supply?
Ans. Mixed Supply means two or more individual supplies of goods or services or any combination thereof, made in conjunction with each other by a taxable person for a single price where such supply does not constitute a composite supply. For example, a supply of package consisting of canned foods, sweets, chocolates, cakes, dry fruits, ae

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How will tax liability on a composite supply be determined under GST?

How will tax liability on a composite supply be determined under GST?
Question 20
Bill
Meaning and Scope of Supply
Faq On GST (2nd Edition) Dated 31.3.2017
Q 20. How will tax liability on a composite supply be determined under GST?
Ans. A composite supply comprising two or more supplies, one of which is a principal supply, shall be treated as a supply of such principal supply.
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Statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation

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What is a Composite Supply under CGST/ SGST/UTGST Act?

What is a Composite Supply under CGST/ SGST/UTGST Act?
Question 19
Bill
Meaning and Scope of Supply
Faq On GST (2nd Edition) Dated 31.3.2017
Q 19. What is a Composite Supply under CGST/ SGST/UTGST Act?
Ans. Composite Supply means a supply made by a taxable person to a recipient comprising two or more supplies of goods or services, or any combination thereof, which are naturally bundled and supplied in conjunction with each other in the ordinary course of business, one of whic

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Whether goods supplied on hire purchase basis will be treated as supply of goods or supply of services? Why?

Whether goods supplied on hire purchase basis will be treated as supply of goods or supply of services? Why?
Question 18
Bill
Meaning and Scope of Supply
Faq On GST (2nd Edition) Dated 31.3.2017
Q 18. Whether goods supplied on hire purchase basis will be treated as supply of goods or supply of services? Why?
Ans. Supply of goods on hire purchase shall be treated as supply of goods as there is transfer of title, albeit at a future date.
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Statute, statutory provisions leg

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Whether supply of software would be treated as supply of goods or supply of services under GST law?

Whether supply of software would be treated as supply of goods or supply of services under GST law?
Question 17
Bill
Meaning and Scope of Supply
Faq On GST (2nd Edition) Dated 31.3.2017
Q 17. Whether supply of software would be treated as supply of goods or supply of services under GST law?
Ans. Development, design, programming, customization, adaptation, upgradation, enhancement, implementation of information technology software shall be treated as supply of services as list

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Whether Works contracts and Catering services will be treated as supply of goods or supply of services? Why?

Whether Works contracts and Catering services will be treated as supply of goods or supply of services? Why?
Question 16
Bill
Meaning and Scope of Supply
Faq On GST (2nd Edition) Dated 31.3.2017
Q 16. Whether Works contracts and Catering services will be treated as supply of goods or supply of services? Why?
Ans. Works contracts and catering services shall be treated as supply of services as both are specified under Sl. No. 6 (a) and (b) in Schedule-II of the model GST law.

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Whether transfer of right to use goods will be treated as supply of goods or supply of service? Why?

Whether transfer of right to use goods will be treated as supply of goods or supply of service? Why?
Question 15
Bill
Meaning and Scope of Supply
Faq On GST (2nd Edition) Dated 31.3.2017
Q 15. Whether transfer of right to use goods will be treated as supply of goods or supply of service? Why?
Ans. Transfer of right to use goods shall be treated as supply of service because there is no transfer of title in such supplies. Such transactions are specifically treated as supply of

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What are inter-state supplies and intra-state supplies?

What are inter-state supplies and intra-state supplies?
Question 14
Bill
Meaning and Scope of Supply
Faq On GST (2nd Edition) Dated 31.3.2017
Q 14. What are inter-state supplies and intra-state supplies?
Ans. Inter-state and intra-state supplies have specifically been defined in Section 7(1), 7(2) and 8(1), 8(2) of the IGST Act respectively. Broadly, where the location of the supplier and the place of supply are in same state it will be intrastate and where it is in different

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Whether provision of service or goods by a club or association or society to its members will be treated as supply or not?

Whether provision of service or goods by a club or association or society to its members will be treated as supply or not?
Question 12
Bill
Meaning and Scope of Supply
Faq On GST (2nd Edition) Dated 31.3.2017
Q 12. Whether provision of service or goods by a club or association or society to its members will be treated as supply or not?
Ans. Yes. Provision of facilities by a club, association, society or any such body to its members shall be treated as supply. This is included

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