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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tos in case of goods section 12 2(b) doubt
Replies (10)
In case of Goods, TOS is when Goods supplied & Tax Invoice is Raise .
Payment Criteria (Advance ) Has been abeyance by Notification 40/2017 CT
Payment Criteria (Advance ) Has been abeyance by Notification 40/2017 CT
Advance criteria does not apply for forward charge of goods only. Reverse charge it is the same
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
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
Yes thanks for correcting Pankaj ji
You are always welcome dear Hitesh
basically tos in case of goods is date of invoice and date of payment whichever is earlier or
only invoice date?
only invoice date?
Invoice date. But invoice should be raised on or before removal of goods.
for every situation it is applicable whether advance or noy
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.
okay thank you
but my doubt is in case goods for all cases including advance invoice to be time of supply???
but my doubt is in case goods for all cases including advance invoice to be time of supply???
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