TMI Blogtime of supply for works comtractsX X X X Extracts X X X X X X X X Extracts X X X X ..... respected sir, for a govt works contractor who do civil works such as buildings and bridges for state govt what is the time of supply to rise the gst liability .it is to be noted that govt contractors does not rise any tax invoice against govt departments such as r b etc thanking you please discuss - Reply By SHARAD ANADA - The Reply = Your service is continuous supply of service. Pl refer S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ec 2(33) of CGST Act 2017 as under: Sec 2 (33) continuous supply of services means a supply of services which is provided, or agreed to be provided, continuously or on recurrent basis, under a contract, for a period exceeding three months with periodic payment obligations and includes supply of such services as the Government may, subject to such conditions, as it may, by notification, s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pecify; The determination of stage of completion of services is an abstract one, unless specifically defined by contract, unlike in the case of goods where the volume of goods supplied can be easily tracked/ identified. Hence, a contract for supply of service spanning over a definite period has been treated as a continuous supply, so that the tax dues are collected periodically. The law cate ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gorically provides for time limit to issue invoices as under: (a) where due date of payment is ascertainable: On or before the due date of payment; (b) where the due date of payment is not ascertainable: Before or at the time of receipt of payment; (c) where the payment is linked to the completion of an event (milestones): On or before the date of completion of that event. - Reply ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... By giri gattupalli - The Reply = thanks for your reply.kindly elaborate with example - Reply By giri gattupalli - The Reply = respected sir agreement with r b department of state govt made in fy 2016-17. works completed in fy 2016-17. check measure made by department in april 2017. but amount of one crore received in 2017 sep( gst period.) this is the scenario. please discuss thanking ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... you - Reply By KASTURI SETHI - The Reply = After in agreement with Sh.Sharad Anada' reply, I elaborate as under : Govt. contractor received the payment for above services in September, 17. In this case, time of supply of services is the date of receipt of payment as per Section 13 (2)(b) C of CGST Act . Your client was required to issue invoice on the date of the receipt of payment. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Govt. contractor is covered under (c) above mentioned in the reply dated 14.2.20 of Sh.Sharad Anada Ji. Service has been completed on the date of payment. In this context, see Board's Flyer No.13 dated 1.1.18. - Reply By giri gattupalli - The Reply = thank you sethi ji giri gstp - time of supply for works comtracts - Query Started By: - giri gattupalli Dated:- 14-2-2020 Goods and Ser ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vices Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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