We know what is continous supply of goods and services.
But what is the logic of bringing it in gst. Why there was a need to specify this??
And what are the effects if it will be removed.
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Continuos supply of goods and services.
Replies (1)
In my opinion, Its relevant from the point of time of supply. To remove ambiguity, it is in place to decide point of taxation for continuous supply of goods and services.
If this provision would be removed then it will remain a question of discussion that when to pay tax - after full completion of transaction under single contract or at the time of payment or at the time of issue of invoice for part supply.
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