In this case, time of Supply of Goods and Services is Relevant

Time of Supply in case of Goods in Reverse Charge

Time of Supply in case of Service in Reverse Charge

It is the earlier of

  1. Date of Payment
  2. 30 Days of Invoice Date
  3. Date of Receipt of Goods

It is the earlier of

  1. Date of Payment
  2. 60 Days of Invoice Date

 

Meaning of Date of payment

It means Date of Receipt of Amount by Recipient in Bank Account

Or

Date of Debit in Books by Recipient ..Whichever is earlier

Example 1

Time of Supply in case of Goods in Reverse Charge

Suppose Sales Made by A to B of Rs 100000

A is Unregistered but B is Registered

Whether Normal Charge or Reverse Charge Applicable

-a-

Reverse Charge is applicable as Seller is Unregistered and Buyer is Registered


Suppose Invoice Issued by A on 29 April

Goods were received by B on 2 May along with the Invoice

Payment made on 15 May by cheque

A received cheque on 16 th May and it was cleared on 19 may


What is Date of payment of Goods

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What is time of supply of goods?

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When is GST Challan and Return to be deposited in this case

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What is Date of payment of Service

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What is time of supply of Service?

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When is GST Challan and Return to be deposited in this case

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  1. Taxation for CA, CS, CMA Bcom M Com Exams May - June 2018
  2. GST for Exams
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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .