Time of supply determines tax liability; tax triggers on the earliest of invoice, payment, provision, or recipient entry. Time of supply of services is the earliest of specified events: supplier's invoice date when issued timely or receipt of payment; if invoice is not timely, the earlier of provision of service or receipt of payment; or, where those do not apply, the date the recipient records receipt in his books. Explanations treat supply as covered to the extent of invoice or payment and define receipt of payment by book entry or bank credit. Special rules set earlier time points for reverse charge supplies, voucher supplies, and value additions on receipt.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Time of supply determines tax liability; tax triggers on the earliest of invoice, payment, provision, or recipient entry.
Time of supply of services is the earliest of specified events: supplier's invoice date when issued timely or receipt of payment; if invoice is not timely, the earlier of provision of service or receipt of payment; or, where those do not apply, the date the recipient records receipt in his books. Explanations treat supply as covered to the extent of invoice or payment and define receipt of payment by book entry or bank credit. Special rules set earlier time points for reverse charge supplies, voucher supplies, and value additions on receipt.
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