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GST amendment

Jyothsna Priya Kanchumarthy (192 Points)

26 October 2018

Is there any amendment or change in the provisions of time of supply?? Are there any other important amendments need to be remembered??

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14 Replies

Hitesh (Student) (3549 Points)
Replied 26 October 2018

Please refer statutory update and RTP issued by institute. All amendment are important..

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Shani (Teacher) (33 Points)
Replied 26 October 2018

really very good information about GST amendment thanks to you admin good work.

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Jyothsna Priya Kanchumarthy (192 Points)
Replied 27 October 2018

Thank you, can you please tell me whether there is any change in time of supply of goods??

Aditi Jain (12 Points)
Replied 27 October 2018

yes there is .time of supply of goods will be date of issue of invoice for all. irrespective of agg turn I.e 1.5cr

Hitesh (Student) (3549 Points)
Replied 27 October 2018

Ya TOS will be date of invoice / date of removal or making available whichever is earlier . Date of payment has been removed

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Jyothsna Priya Kanchumarthy (192 Points)
Replied 28 October 2018

Yes both are for goods only na, then when and where these are applicable like how?

Hitesh (Student) (3549 Points)
Replied 28 October 2018

Didn't get your query??

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Jyothsna Priya Kanchumarthy (192 Points)
Replied 28 October 2018

Aditi Jain and Hitesh I know both of your answers, I'm asking when and where to apply and
Aditi Jain aggregate turnover limit is for what??

Aditi Jain (12 Points)
Replied 28 October 2018

earlier it was applicable i.e if turnover was 1.5cr and less than tos was date of issue of invoice but now it is irrelevant as if supply of goods than in all case tos will be Issue of invoice

Jyothsna Priya Kanchumarthy (192 Points)
Replied 28 October 2018

Then, when the date of issue of invoice or the date of payment received whichever is earlier is applicable??

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Hitesh (Student) (3549 Points)
Replied 28 October 2018

No not applicable

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Jyothsna Priya Kanchumarthy (192 Points)
Replied 28 October 2018

Ok thank you but when TOS is earlier of date of issue of invoice or the date of receipt of payment, in which case this is applicable?

Hitesh (Student) (3549 Points)
Replied 28 October 2018

It's not applicable in case of goods dear

Jyothsna Priya Kanchumarthy (192 Points)
Replied 29 October 2018

Then receipt of date of payment is not applicable in all cases??

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