Tax invoice issue or time limit In case of Supply Of services [section 31(2) read with Rule 47] - GST Ready Reckoner - GST

In case of supply of services [ section 31(2) read with Rule 47 ] In cases supplier of services is insurer, banking company, Financial Institutions, NBFC :- invoice shall be issued within 45 days instead of 30 days from the date of the supply of service. [proviso of rule 47 of CGST Rules] Supplies of services between distinct persons as specified in section 25 ,insurer or a banking company or a financial institution, including a non-banking financial company, or a telecom operator, or any other class of supplier of services as may be notified by the Government :- Invoice shall be issue before or at the time such supplier records the same in his books of account or before the expiry of the quarter during which the supply was made. [second proviso of rule 47 of CGST Rules] Other than above mention class of person ,In case of Supply of Taxable Services by registered person: before/ after provision of service but within 30 days of date of supply of services. [Section 31(2)] Not required to issued of invoice:- A registered person may not issue a tax invoice if the value of the goods or services or both supplied is less than two hundred rupees subject to such conditions and in such manner as may be prescribed. [Section 31(3)(b)]