{"id":7994,"date":"2017-07-27T09:31:13","date_gmt":"2017-07-27T09:31:13","guid":{"rendered":"https:\/\/legaldesk.com\/?p=7994"},"modified":"2026-10-26T10:41:27","modified_gmt":"2026-10-26T10:41:27","slug":"time-of-supply-under-gst","status":"publish","type":"post","link":"https:\/\/webdemo.d-apps.in\/legaldesk\/time-of-supply-under-gst","title":{"rendered":"Time Of Supply Under GST"},"content":{"rendered":"<p>Under GST, the levy of <a href=\"https:\/\/legaldesk.com\/gst-articles\/how-does-gst-impact-manufacturing-sector-in-india\" target=\"_blank\" rel=\"noopener\">tax on manufacture<\/a>, place of provision of service and point of taxation of services will be replaced by the concept of \u201cSupply\u201d.<\/p>\n<p><span style=\"font-weight: 400;\">The time of \u201csupply\u201d can be classified under the two broad heads, namely:-<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Time of supply of goods<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Time of supply of services<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Time Of Supply Of Goods<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The liability to pay taxes on goods will increase at the time of supply, and are defined under Section 12, which state\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The time of supply of goods shall be earlier of the following dates, namely:-<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The date of issue of invoice by the supplier or the last date on which he is required, under the prescribed provision, to issue the invoice with respect to the supply; or<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The date on which the supplier receives the payment with respect to the supply.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Here, the \u201cdate on which the supplier receives the payment\u201d would mean earlier of the following two dates, namely:- <\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The date on which the payment is entered in his books of accounts, or<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The date on which the payment is credited to his bank account.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">For example, ABC Enterprises issued an invoice to Sachin Limited on 30th Sep 2017. Sachin Ltd made a payment to ABC Enterprises on 2nd Oct 2017 and further, ABC Enterprises credited the entry in their books on 3rd Oct 2017. In this case in the last para, time of supply shall be 30th Sep 2017.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Supply Of Goods On Which Tax Levy Is On \u201cReverse Charge Basis\u201d<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The time of supply of goods shall be earlier of the following dates, namely:-<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The date of the receipt of goods; or<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The date of payment as entered in the books of account of the recipient; or the date on which the payment is debited in his bank account, whichever is earlier; or<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The date following thirty days from the date of issue of invoice, by the supplier<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Time Of Supply Of Services<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The liability to pay taxes on services will increase at the time of supply, and are defined under Section 13, which state:-<br \/>\n<\/span><span style=\"font-weight: 400;\"><br \/>\nThe time of supply of services shall be earlier of the following dates, namely:-<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The date of <a href=\"https:\/\/legaldesk.com\/gst-articles\/how-to-create-gst-invoice\" target=\"_blank\" rel=\"noopener\">issue of invoice<\/a> by the supplier, if the invoice is issued within the period prescribed or the date of receipt of payment, whichever is earlier; or<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">If the invoice is not provided within the time prescribed or the date of receipt of payment (The date of provision of service), whichever is earlier; or<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The date on which the recipient shows the receipt of services in his\/her books of account, in a case where the provisions of clause (a) or clause (b) do not apply<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Here, the \u201cdate on which the supplier receives the payment\u201d would mean earlier of the following two dates, namely,-<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The date on which the payment is entered in his books of accounts, or<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The \u00a0date on which the payment is credited to his bank account.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Supply Of Services On Which Tax Levy Is On \u201cReverse Charge Basis\u201d<\/span><\/h2>\n<ul>\n<li>The date of payment as entered in the books of account of the recipient or the date on which the payment is debited in his bank account, whichever is earlier; or<\/li>\n<li><span style=\"font-weight: 400;\">The date immediately following sixty days from the date of issue of invoice by the supplier.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Be GST Ready!<\/span><\/h2>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/legaldesk.com\/documents\" target=\"_blank\" rel=\"noopener\">LegalDesk.com<\/a> is a legal service provider that provides legal services online and on time. <a href=\"https:\/\/legaldesk.com\/gst-articles\/what-is-gst-and-how-does-it-work\" target=\"_blank\" rel=\"noopener\">With the advent of GST<\/a>, we are ready to enable applicants for GST with digital signature services, documentation services, agreements, affidavits, etc. to enable a smooth registration for GST. With everything at the click of a button away, you can register and get your GST Registration Certificate without having to leave your home or office. We also help you with Advisory, <a href=\"https:\/\/legaldesk.com\/gst-articles\/types-of-gst-compliance-in-india\" target=\"_blank\" rel=\"noopener\">Compliance and Implementation<\/a>!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Under GST, the levy of tax on manufacture, place of provision of service and point of taxation of services will be replaced by the concept of \u201cSupply\u201d. The time of \u201csupply\u201d can be classified under the two broad heads, namely:- Time of supply of goods Time of supply of services Time Of Supply Of Goods [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17305,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18],"tags":[],"class_list":["post-7994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gst-articles"],"acf":[],"_links":{"self":[{"href":"https:\/\/webdemo.d-apps.in\/legaldesk\/wp-json\/wp\/v2\/posts\/7994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/webdemo.d-apps.in\/legaldesk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/webdemo.d-apps.in\/legaldesk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/webdemo.d-apps.in\/legaldesk\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/webdemo.d-apps.in\/legaldesk\/wp-json\/wp\/v2\/comments?post=7994"}],"version-history":[{"count":1,"href":"https:\/\/webdemo.d-apps.in\/legaldesk\/wp-json\/wp\/v2\/posts\/7994\/revisions"}],"predecessor-version":[{"id":10941,"href":"https:\/\/webdemo.d-apps.in\/legaldesk\/wp-json\/wp\/v2\/posts\/7994\/revisions\/10941"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/webdemo.d-apps.in\/legaldesk\/wp-json\/wp\/v2\/media\/17305"}],"wp:attachment":[{"href":"https:\/\/webdemo.d-apps.in\/legaldesk\/wp-json\/wp\/v2\/media?parent=7994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/webdemo.d-apps.in\/legaldesk\/wp-json\/wp\/v2\/categories?post=7994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/webdemo.d-apps.in\/legaldesk\/wp-json\/wp\/v2\/tags?post=7994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}