Time of Supply of Goods – Under Reverse Charges - GST Ready Reckoner - GST

..... xable goods shall, before or at the time of, - Removal of goods for supply to the recipient, where the supply involves movement of goods; or Delivery of goods or making available thereof to the recipient, in any other case (in other words movement of goods not involve), [section 31(1)] Example ABC placed order to supply of mobile phone to ZYX, who agrees to supply within 10 days from the date of order. It is a case of supply involving movement of goods. VPL a manufacturer asks hi supporting manu .....

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Time of Supply of Goods Under Reverse Charges - GST Ready Reckoner - GST

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..... ice or any other legal document in lieu of invoice by the supplier, or Date of receipt of payment by the supplier, to the extent the payment covers the supply of goods, (whichever is earlier) Credit date in the books of accounts, or Debit date in the bank account However, if it is not possible to determine the time of supply as per clause of (a),(b) and (c) of section 12(3), prescribed manner in then the time of supply is the date of entry of the transaction in the books of accounts of the recip .....

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Time of Supply of Goods Under Reverse Charges - GST Ready Reckoner - GST

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..... ly following 30 days from the date of issue of invoice - 17th September Date of receipt of payment by the supplier- 22nd September Therefore, time of supply of goods 17th September. Time of supply of goods subject to reverse charge Sec. 9(4) in case of Promoter in the Real Estate Industry Inputs and Input Services (other than cement and capital goods) Where value of inputs (including cement) and input services received from registered suppliers during the financial year (or part of the financial .....

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Time of Supply of Goods Under Reverse Charges - GST Ready Reckoner - GST

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