time of supply for goods

No.....

SECTION 12 (2) clause (b) of the CGST Act 2017 is in full force.

Provision from the CGST Act 2017 :


(2) The time of supply of goods shall be the earlier of the following dates, namely:—

(a) the date of issue of invoice by the supplier or the last date on which he is required, under sub-section (1) of section 31, to issue the invoice with respect to the supply; or

(b) the date on which the supplier receives the payment with respect to the supply.

Explanation 2. – For the purposes of clause (b), “the date on which the supplier receives the payment” shall be the date on which the payment is entered in his books of account or the date on which the payment is credited to his bank account, whichever is earlier.

Its Not abolish but can say partly abolised , As per Notification 40/2017 CT , No GST attracts on advance Reced on account of supply of Goods , Hence in case of Goods the GST is applicable on supply Goods & as per Section 31 CGST Act the Invoice has to be raise before or at the time of removal of Goods

Hence in short the GST attracts on Goods at the time of Tax Invoice is Raised