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<h1>Time limit for issuing tax invoice: services require prompt invoicing; insurers and banks have extended period and special invoicing options.</h1> Time limit for issuing tax invoices requires that invoices for taxable supplies of services be issued within thirty days of supply, while insurers, banking companies and financial institutions, including non banking financial companies, have an extended forty five day period. Additionally, insurers, banks, financial institutions, telecom operators or other Government notified classes making supplies between distinct persons under section 25 may issue invoices before or at the time of recording the supply in their books or before the quarter's end in which the supply was made.
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