Q 3. What is time of supply of continuous supply of goods?
Ans. The time of supply of continuous supply of goods is;
a) where successive statements of accounts or successive payments are involved, the date of expiry of the period to which such successive statements of accounts or successive payments relate.
b) where there are no successive statements of account or successive payments involved, the date of issue of the invoice or the date of receipt of payment whichever is earlier.
