How to differentiate Time of Supply with Validity of composition levy?
Difference between Validity of composition levy and Time of Supply under GST terms
What is Time of Supply? How does Validity of composition levy work under GST regime? What are the difference between Time of Supply and Validity of composition levy?
Under GST system, the following information explains about Time of Supply and Validity of composition levy.
As per GST terms, Time of Supply is the liability to pay CGST/SGST on the goods shall arise at the time of supply. Validity of composition levy is the registered person who intends to withdraw from the composition scheme shall, before the date of such withdrawal, file an application in FORM GST CMP-04, duly signed or verified through electronic verification code, electronically on the common portal.
The details about Time of Supply and Validity of composition levy with simple language from GST terms have been mentioned in this web blog separately. We suggest you to read these articles on Time of Supply and Validity of composition levy, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, we give below web links on Time of Supply and Validity of composition levy separately below. You may kindly read the below links to know more about Validity of composition levy and Time of Supply.
Meaning of term Time of Supply under GST
Meaning of term Validity of composition levy under GST
The above information easily explains about Validity of composition levy and Time of Supply.
We hope, you have satisfied with the difference between Time of Supply and Validity of composition levy explained above. Do you have different thought on difference between Validity of composition levy and Time of Supply?
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