CGST Act,2017 section 13, Time of supply of services

 

Time of supply of services, Section 13 of CGST Act,2017.

 

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The below post explains about Time of supply of services under section 13 of CGST Act,2017.

 

Section 13 of CGST Act, 2017 explains Time of supply of services as below: (The amendments if any will also be updated here soon).

 

The extract of Section 13 of CGST Act,2017 quoted below:

 

Time of supply of services.

 

13. (1) The liability to pay tax on services shall arise at the time of supply, as determined

in accordance with the provisions of this section.

(2) The time of supply of services shall be the earliest of the following dates, namely:—

CGST Act,2017 section 13, Time of supply of services(a) the date of issue of invoice by the supplier, if the invoice is issued within the

period prescribed under sub-section (2) of section 31 or the date of receipt of payment,

whichever is earlier; or

(b) the date of provision of service, if the invoice is not issued within the period

prescribed under sub-section (2) of section 31 or the date of receipt of payment,

whichever is earlier; or

(c) the date on which the recipient shows the receipt of services in his books of

account, in a case where the provisions of clause (a) or clause (b) do not apply:

Provided that where the supplier of taxable service receives an amount upto one

thousand rupees in excess of the amount indicated in the tax invoice, the time of

supply to the extent of such excess amount shall, at the option of the said supplier, be

the date of issue of invoice relating to such excess amount.

Explanation.––For the purposes of clauses (a) and (b)––

 

(i) the supply shall be deemed to have been made to the extent it is covered

by the invoice or, as the case may be, the payment;

(ii) “the date of receipt of payment” shall be the date on which the payment

is entered in the books of account of the supplier or the date on which the

payment is credited to his bank account, whichever is earlier.

(3) In case of supplies in respect of which tax is paid or liable to be paid on reverse

charge basis, the time of supply shall be the earlier of the following dates, namely:––

(a) 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

(b) the date immediately following sixty days from the date of issue of invoice or

any other document, by whatever name called, in lieu thereof by the supplier:

Provided that where it is not possible to determine the time of supply under

clause (a) or clause (b), the time of supply shall be the date of entry in the books of

account of the recipient of supply:

Provided further that in case of supply by associated enterprises, where the

supplier of service is located outside India, the time of supply shall be the date of entry

in the books of account of the recipient of supply or the date of payment, whichever is

earlier.

 

(4) In case of supply of vouchers by a supplier, the time of supply shall be––

(a) the date of issue of voucher, if the supply is identifiable at that point; or

(b) the date of redemption of voucher, in all other cases.

(5) Where it is not possible to determine the time of supply under the provisions of

sub-section (2) or sub-section (3) or sub-section (4), the time of supply shall––

(a) in a case where a periodical return has to be filed, be the date on which such

return is to be filed; or

(b) in any other case, be the date on which the tax is paid.

(6) The time of supply to the extent it relates to an addition in the value of supply by

way of interest, late fee or penalty for delayed payment of any consideration shall be the date

on which the supplier receives such addition in value.

 

The above information clarifies about Time of supply of services under section 13 of CGST Act,2017.  

 

If you have any comments about Section 13 of CGST Act, 2017 explaining Time of supply of services, share below your thoughts:

 

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