if
invoice date 01-12-2017
removal of good 15-11-2017
receipt of payment 02-12-2017
then what will be the time of supply??
15.11.2017
Deepak Arora (176 Points)
13 December 2018
ANIL KUMAR
(Working Professional)
(27 Points)
Replied 13 December 2018
As per Section 12 (2) of CGST Act 2017 : (Forward Charges )
Time of Supply:
a) Date of invoice or Last date to issue invoice u/s 31(1)
OR
b) Date of Payment
Whichever is earlier
In this case Date of payment i.e 02/12/2017 being earlier of the two will be Time of Supply.
As per Section 12 (3) of CGST Act 2017 : (Reverse Charges )
a) Date of Receipt of Goods
b) Date of Payment
c) Date immediately after 30days of Date of Invoice
Whichever is earlier
So In case of Reverse charge, Time of Supply is the date of receipt of Goods i.e 15/11/2017 being earlier of the above three.
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