Time of supply for issuing service invoice

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Kaustubh Ram Karandikar (Querist)
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04 January 2019 XYZ issued Service Invoice towards rental charges for laboratory equipment. The period contract is for the period 31.07.2018 to 02.11.2018 and the Invoice for the same is issued on 01.12.2018. Is it in line with the provisions under GST? If not, on which date invoice was required to be issued?

CA Anita Bhadra

CA Anita Bhadra (Expert)
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04 January 2019 In my view - If depends on your contract .
As per sec 31(5) of CGST Act if due date of payment is ascertainable from the contract , the invoice shall be issued on or before the due date of payment
If not ascertainable - invoice shall be issued before or at the time of when supplier receives the payment

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