time of supply

13 December 2018

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??

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2 Replies

Rakesh Bandal (Self Employed and Agriculture) (1349 Points)
Replied 13 December 2018

15.11.2017

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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)

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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