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tos in case of goods section 12 2(b) doubt

Sourabh Sen (36 Points)

23 October 2018

date of invoice
last date

or
payment

or else payment criteria will not come

is it for advance only or for any case

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10 Replies

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 23 October 2018

In case of Goods, TOS is when Goods supplied & Tax Invoice is Raise .
Payment Criteria (Advance ) Has been abeyance by Notification 40/2017 CT

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Hitesh (Student) (3549 Points)
Replied 23 October 2018

Advance criteria does not apply for forward charge of goods only. Reverse charge it is the same

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 23 October 2018

Dear Hitesh Ji
TOS in case of Goods before 13/10/2017:-
If supplier got the Advance towards supply of goods The GST was applicable on Advance Reced, but As per the notification issued the applicability of GST is on supply of goods & Bill Raised , so the time of sypply is when the Tax Invoice is issued in cse goods

Hitesh (Student) (3549 Points)
Replied 23 October 2018

Yes thanks for correcting Pankaj ji

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 24 October 2018

You are always welcome dear Hitesh

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Sourabh Sen (36 Points)
Replied 24 October 2018

basically tos in case of goods is date of invoice and date of payment whichever is earlier or
only invoice date?

Sundararajan S (Final Student of ICAI) (1764 Points)
Replied 24 October 2018

Invoice date. But invoice should be raised on or before removal of goods.

Sourabh Sen (36 Points)
Replied 24 October 2018

for every situation it is applicable whether advance or noy

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 24 October 2018

NO IN CASE OF SUPPLY OF SERIVCE, ANY AMOUNT RECED IN ADVANCE THE GST IS APPLICABLE ON ADVANCE. MEANS THE SUPPLIER OF SERVICE IS LIABLE TO CHARGE GST ON ADVANCE RECED.