time of supply for works comtracts

[giri gattupalli]

respected sir what is the time of supply for a govt works contractor for canal work running over one yer

thanking you

AI Summary

Understanding Time of Supply for Government Works Contractor under GST: Invoices, Advance Payments, and Contract Terms Explained A query was raised regarding the time of supply for a government works contractor under the Goods and Services Tax (GST) for a canal project spanning over a year. Three responses were provided. The first response referenced C.B.E. & C. guidelines, explaining that invoices for continuous supply of services should be issued based on the due date of payment, receipt of payment, or completion of an event. The second response noted that advance payments are subject to GST. The third response reiterated the conditions for determining the time of supply based on contract terms, payment receipt, or event completion.