FAQ on Time of Supply of services under GST in India

When am I liable to pay GST under my Supply of services in India?

 

FAQ on Time of Supply of services under GST in IndiaTime of supply of services. How does it mean under GST Law in India?

For the purpose of accounting GST, how is time of supply determined?

Goods can be physically seen, but services cannot. So, time of supply of goods can be accounted easily where in time of supply of services cannot be determined easily.

For the purpose of determining the time of liability to pay GST, time of supply of services is required. How to determine time of supply of services?

As per GST Law, unlike goods, in the case of services, the time of supply is determined by the fact whether the invoice for supply of services has been issued within the prescribed period or beyond such prescribed period.

We are supplier of services as per GST Law. We have not issued invoice under a particular supply. How to treat time of supply of services under GST Law in India?

As per GST Law, the time of supply of service in such cases shall be the earliest of date completion of the provision of service or the date of receipt of payment.

I have issued invoice to recipient of services within prescribed period. When am I liable to pay GST as per GST Law in India?

As per GST Law in India, the time of supply of service in such cases shall be the earliest of date of issue of invoice or the date of receipt of payment.

We have not generated invoice to our customer against our supply of services. The provisions of services are also not ascertainable. However, we have received payment against such supply. Are we liable to pay GST as per Indian GST Law?

As per GST Law in India, if invoice is not issued and date of payment or date of completion of provision of service are also not ascertainable the time of supply shall be the date on which the recipient shows the receipt of services in his books of accounts.

We have received part payment against a supply of services against the part invoice issued to our client. Are we liable to pay GST for the whole service or against the said part payment of services?

If any taxable person make part advance payment or invoice issued is for part payment, the supply shall be deemed to have been made to the extent, it is covered by the invoice or the part payment.

 

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geet lakhotia: if i had not filed gstr 3 b for august on 20th then is there any pebalty for it?

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