Time of supply
Trex Gaming_67 (243 Points)
23 December 2018
Please explain the proviso of section 12(2) of CGST Act
4 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 24 December 2018
If supplier of Taxable goods received upto 1000/- excess amount against any bill raise by him , he has given the option that he can raise the Bill for the same in future.
As the GST applicability on adances for Goods being deferred by Notification 40/2017 CT , the above proviso hardly matters
Note : Advance reced. by composit dealer against Goods , GST applicable
As the GST applicability on adances for Goods being deferred by Notification 40/2017 CT , the above proviso hardly matters
Note : Advance reced. by composit dealer against Goods , GST applicable
Trex Gaming_67
(243 Points)
Replied 24 December 2018
Ok. If the value of supply of goods is 6000 and invoice is issued at Rs 6500. Then he need not print another invoice for 500 right?
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 24 December 2018
NO..OOOOOOOOOOOOOO DEAR
IF THE BILL IS OF 6500/- & PAYMENT RECED. 7000/- FOR EXCESS 500/- THE BILL CAN BE RAISE BY SUPPLIER LATER ON.
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