Last Date of Issue of Invoice in case of Goods is 

CASE LAST DATE OF ISSUE OF INVOICE
When Supply Involves movement of Goods (Goods Delivered to Customer) Time of Removal of Goods (Time of sending goods to recipient)
Other Cases (Goods taken from Shop) At the time of delivery of goods to recipient (customer)

Q1

Suppose X Ltd of Delhi makes Sale to Y LTD of Mumbai Different Dates are as follows

Particulars Date
Date of Order 17-Aug
Date  of Packing Goods 18-Aug
Date of Despatch of Goods 19-Aug
Date of Receipt of Goods by Y 20-Aug
Date of Payment by Y 21-Aug

What is last date of Issue of Invoice by X Ltd

Answer

19-Aug


Q2

Suppose in Q1 payment made in Advance on 10 Aug by cheque which was cleared by 12 Aug

Answer

19-Aug

 


Q3

Suppose in Q1 30% payment made in Advance on 10 Aug  by cheque which was cleared by 12 Aug Balance Amount Received on 21 Aug

Answer

19-Aug

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.