TMI BlogTime of Supply of Services – Residual provisionX X X X Extracts X X X X X X X X Extracts X X X X ..... per section 31 of CGST Act 2017 . Time limit for issuance of invoice for supply of services under section 31 of CGST Act 2017 The criteria to determine the time of supply of services depend upon whether the invoice is issued within the time prescribed under section 31 of CGST Act 2017. The tax invoice needs to be issued either before the provision of service or within 30 d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f service receives the payment, if the due date of payment is not known (iii) on/ before the date of completion of the milestone event when the payment is linked to completion of an event [Section 31(5)]. Continuous supply of services are provided, or agreed to be provided, continuously or on recurrent basis, under a contract, for a period exceeding 3 months with periodic payment oblig ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... which the tax is paid. Examples Example 1:- A supplier of services has received an amount of ₹1,00,000/- against an invoice of ₹ 80,000/- on 01.04.2020. the supplier makes a supply against ₹ 20,000/- subsequently but no invoice was issued and no invoice records of adjustment of the said amount appear in books of the supplier. Here, the receipt of exce ..... X X X X Extracts X X X X X X X X Extracts X X X X
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