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?
\nAns. 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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