Page 7 - Chapter 5 TOS

Determination of time of supply of goods under reverse charge :-
D a t e o f Date of payment by recipient Date of issue of 31st day Time of Supply of
S .
receipt of goods invoice by from date of Goods u/s 12(3) [Earlier
No of goods supplier of goods Invoice of (1), (2) & (3)]

(1) (2) (3)
1 July 1 August 10 June 29 July 30 July 1
2 July 1 June 25 June 29 July 30 June 25
Part payment made on June 30
3 July 1 June 30 for part
and balance amount paid on
June 29 July 30 payment made and
July 20
July 1 for balance
amount

4 July 5 Payment entered in recipient's June 1 July 2 June 28
books of account on June 28 &
debited in his bank account on
June 30

5 July 1 Payment entered in recipient's June 29 July 30 June 26
books of account on June 30 &
debited in his bank account on
June 26

6 August 1 August 10 June 29 July 30 July 30

Andes Pvt. Ltd., a registered supplier, manufactures product 'A' and 'B'. While 'A' is taxable under
Q.6
forward charge, 'B' is taxable under reverse charge. The following details are provided in relation to two
individual supplies of products 'A' and 'B' made by the company:

Sr.No. Date Event
i. 10th February Payment of ₹ 1,00,000 made by buyer for supply of 'A' to be delivered in the month of March
ii. 13th February Receipt of ₹ 1,00,000 [as mentioned in point (i) above]
iii. 17th February Payment of ₹ 2,00,000 made by buyer for supply of 'B' to be delivered in the month of March

iv. 20th February Receipt of ₹ 2,00,000 [as mentioned in point (iii) above]
v. 5th March Product 'A' manufactured and removed
vi. 6th March Receipt of product 'A' [as mentioned in point (v) above] by the buyer

vii 10th March Product 'B' manufactured and removed
viii 23rd March Receipt of product 'B' [as mentioned in point (vii) above] by the buyer
ix 4th March Invoice for ₹ 2,00,000 issued for supply of 'A’
x 11th March Invoice for ₹ 4,00,000 issued for supply of 'B’
xi 25th March Payment made by the buyer of 'A’

xii 31st March Payment [as mentioned in point (xi) above] received
xiii 1st April Payment made by the buyer of 'B’
xiv 4th April Payment [as mentioned in point (xiii) above] received

Determine the time of suppl(ies) of goods for the purpose of payment of tax. [Study mat]
Answer: Legal Provision:-
Ü As per section 12(2) of CGST Act, 2017 read with notification 66/2017, the time of supply of goods shall be
earlier of the following dates:-
a) Date of issue of invoice or
b) last date to issue the invoice u/s 31.
V’Smart Academy 5.05 CA Vishal Bhattad 09850850800