Sec. 31(7)
Anuj Sharma (115 Points)
01 June 2022
can anyone explain me sec. 31(7) in time of supply!?
5 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 01 June 2022
If goods are taken for return like sale on approval or you can say that sales will be considered only if confirmation received than you have to raise invoice before or at the time of removal of goods .
and if you have not raise invoice before or at the time of supply then you have to raise such invoice within 6 months from removal .
and if you have not raise invoice before or at the time of supply then you have to raise such invoice within 6 months from removal .
Imthias ahamed Kormath
(910 Points)
Replied 02 June 2022
This time of supply may relate to the job work ,contract work conducted with in six months.
In this case invoice may b issued on that basic.
In this case invoice may b issued on that basic.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 02 June 2022
Removal means when goods are handed over to customer
Imthias ahamed Kormath
(910 Points)
Replied 02 June 2022
The job worker/contractor approved that the goods sent or return from that place of location.It means that he removed the present place.The dealer may requested to the job worker that a destination place to remove the same in thier invoice.
Recent Topics
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
