Goods Sent On Approval Basis Section 31(7)

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... l, whichever is earlier. Thus, the tax invoice must be issued within six months from removal . Goods can be removed on an approval basis within the State or outside the State. Delivery Challan should be issued at the time of removal of goods. E-way bills will also be issued wherever applicable. The person carrying goods for such a supply can carry the invoice book so that he ca .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... month. As on 15/06/2023 Mr. Sagar signifies his approval for the entire of goods. In this case Mr. Ramesh required to issue a invoice as per section 31(7) of CGST Act a) before or at the time of supply, (i.e. 15/06/2023) or b) six months from the date of removal, (i.e. 05/11/2023 ) whichever is earlier. (i.e 15/06/2023) CBE C Circular No. 10/10/2017-GST dated 1 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the tax invoice should be issued. If goods are not brought back within six months, a tax invoice should be issued and GST paid. If goods are sold within six months, refund claim under rule 89(4) of CGST for ITC can be filed even if goods were cleared without bond or LUT. - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Management India - taxmanagementindi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X