Time of supply and payment of gst liability as per model gst

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RUSHI GSTM (Querist)
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18 February 2017 Time of Supply and Payment of GST Liability as Per Model GST Law
In GST Time is generally the earliest of one of three events
1. Issuance of invoice
2. Completion of Supply
3. Receiving Payment

We are a manufacturer as well as service provider
If we don’t want to go/not possible to go with above 3 events can we pay GST on Monthly basis. Monthly invoices issued for particular supplies but we are receiving advance payments before supply goods. Can anybody explain in details because as per RESIDUAL CLASUE [SECTION 12(5)] In Case time of supply is not determined according to the above methods time of supply shall be?
1. In case where periodical return has to be filed- the date on which such return is to be filed
2. in any other case-the date on which CGST/SGST is paid.
So is it possible to us to pay GST liability on filing of Final Return on monthly basis by 20th of Every Month. Or it is compulsory to follow the above 3 methods can we do it on monthly basis on issuance of invoice basis. Though there advances received in our cases before supplying the goods.

Guest

Guest (Expert)

21 February 2017 Dear Mr Madake - This is a big problem with GST. It must be noted that invoice should compolsurily be issued as per section 28. Consequently, we cannot post pone the GST liability beyond the date of invoice. However, if advance is received, we have to pay GST towards it - only to the extent of advance. Only way to remain unaffected is that you have to draft the contract to pay advance INCLUDING GST. This will ensure that you don't pay out of pocket the GST.

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