23 July 2017
ex. invoice issued 990 on 1.10.17
payment received 1000 on 15.10.17
excess payment = 10
now next month
invoice issued 990 on 1.11.17
payment received 980 on 15.11.17
my question is that what will be the time of supply for RS 10----1.10.17. or 1.11.17???
which invoice date does proviso to section 12(2) refers????
23 July 2017
As per the proviso of section 12(2) of CGST Act, any excess amount received up to Rs . 1000, the supplier can opt the date of invoice in respect of such excess amount received as time of supply.
CAclubindia
