Time of Supply of Services – Sec 13(2) Illustrations
|
Section 13(2) |
Invoice date | Invoice due date | Payment entry in supplier’s books | Credit in bank account |
Time of supply |
|
| 1 | Invoice raised before completion of service |
10-March-18 |
20-March-18 |
26-March-18 | 30-March-18 |
10-March-18 |
| 2 | Advance received |
30-April-18 |
20-April-18 |
10-April-18 | 30-April-18 |
10-April-18 |
| Based on due date for invoicing Section 13(2) r/w Section 31(2) r/w CGST rule 47 |
Invoice date |
Commencement of service |
Completion of service |
Receipt of payment |
Time of supply |
|
|
3 |
Delayed issue of invoice |
26-March-18 |
20-Jan-18 |
16-Feb-18 |
28-April-18 |
16-Feb-18 |
|
4 |
Advance received, invoice for full amount issued on same day (40% advance, 60% post supply payment) |
30-April-18 |
30-March-18 |
3-April-18 |
30-April-18 |
30-April-18 |
|
04-May-18 |
30-April-18 |
|
Continuous supply of services |
|
Date as per contract |
Receipt of payment |
Time of supply |
|
|
5 |
Section 31(5)(a) Contract provides for payments monthly on the 10th of succeeding month |
02-Feb-18 |
10-Feb-18 |
15-Feb-18 |
02-Feb-18 |
|
17-Feb-18 |
10-Feb-18 |
15-Feb-18 |
10-Feb-18 |
||
|
10-Jan-18 |
10-Jan-18 |
06-Jan-18 |
06-Jan-18 |
||
|
12-Feb-18 |
10-Feb-18 |
25-Feb-18 |
10-Feb-18 |