TIME OF SUPPLY OF GOODS

Liability to pay CGST/SGST on the goods shall

arise at the time of supply of goods
Time of supply shall be earliest of followings date-:

1. (a) Removal of goods which are required to be removed.

(b) Made avail vale of goods which are not required to be
removed
2. Issue of invoice
3. Receipt of payment
4. Recording in the book of recipient.
In case coutinous supply of goods-:
(I) Date of expiry of period if suceesive statementt are involve.
(II) Date of issue of invoice or date of receipt of payment in absence of
successive statements
DETERMINATION OF TIME OF SUPPLY OF SERVICES

CONTINUOUS SUPPLY OF
NON CONTINUOUS SUPPLY OF SERVICE
SERVICE

DATE OF ISSUE OF INVOICE OR THE DATE

OF RECEIPT OF PAYMENT, WHICHVER IS DUE DATE OF PAYMENT IN CASE DATE IS
EARLIER, IF THE INVOICE IS ISSUED WITH ASCERTAINABLE
IN PRESCRIBED TIME.

THE DATE OF COMPLETION OF

SERVICE OR THE DATE OF RECEIPT DATE OF PAYMENT OR DATE OF ISSUE OF
OF PAYMENT, WHICHEVER IS INVOCE IN CASE DUE DATE IS NOT
EARLIER, IF THE INVOICE IS NOT ASCERTANABLR
ISSUED WITH IN PRESCRIBED TIME.

THE DATE ON WHICH TIME OF COMPLETION OF SERVICE IF PAYMENT

RECEPIENT RECORDS THE LINKED WITH SUCH SERVICE
RECEIPT OF SERVIVES IN
BOOKS OF ACCUNTS.
IN CASE OF REVERSE CHARGE

TIME OF SUPPLY TIME OF SUPPLY

OF GOODS OF SERVICE

FOLLOWINGS OF FOLLOWINGS OF
THE EARLIEST DATE THE EARLIEST DATE
OF OF
1. RECEIPT OF 1.RECEIPT OF
GOODS SERVICES
2. RECEIPT OF 2.RECEIPT OF
INVOICE INVOICE
3. PAYMENT MADE 3.PAYMENT IS MADE
4.RECORD IN THE 4. RECORD IN THE
BOOKS OF ACCOUNT BOOKS OF
ACCOUNTS
TIME OF SUPPLY OF SERVICE IN CASE
OF CHANGE IN RATE
IF SERVICE HAS BEEN IF SERVICE HAS BEEN
PROVIDED BEFORE PROVIDED AFTER
CHANGE IN RATE CHANGE IN RATE

IF INVOIVE ISSUED & IF INVOIVE ISSUED &

PAYMENT RECEIVED AFTER
CHANGE IN RATE, THEN
DATE OF RECEIPT OR DATE
OF ISSUE OF INVOICE
,WHICHEVER IS EARLIER.
PAYMENT RECEIVED AFTER
CHANGE IN RATE, THEN
DATE OF RECEIPT OR DATE
OF ISSUE OF INVOICE
,WHICHEVER IS EARLIER.

IF INVOIVE ISSUED BEFORE IF INVOIVE ISSUED BEFOR

CHANGE IN RATE, BUT CHANGE IN RATE, BUT
PAYMENT MADE AFTER PAYMENT RECEIPY AFTER
CHANGE IN RATE, THEN CHANGE IN RATE, THEN
DATE OF ISSUE OF INVOICE DATE OF IRECEIPT OF
. PAYMENT .

IF IPAYMENT RECEIPT
IF PAYMENT RECEIVED
BEFORE CHANGE IN RATE,
BEFORE CHANGE IN RATE,
BUT INVOICE ISSUE AFTER
BUT INVOICE ISSUED AFTER
CHANGE IN RATE, THEN
CHANGE IN RATE, THEN
DATE OF ISSUE OF INVOICE
DATE OF PAYMENT .
.
Determining value of taxable supply