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    <title>time of supply for works comtracts</title>
    <link>https://www.taxtmi.com/forum/issue?id=116188</link>
    <description>The time of supply for continuous works contracts follows three rules: if the due date of payment is ascertainable, the time of supply is the payment due date and the invoice must be issued on or before that date; if the due date is not ascertainable, the time of supply is the earlier of receipt of payment or issuance of an invoice; if payment is linked to completion of an event, the time of supply is the date of completion and the invoice must be issued on or before that date. Advances are taxable on receipt and cessation of supply requires invoicing for the portion supplied.</description>
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    <pubDate>Wed, 08 Apr 2020 21:25:02 +0530</pubDate>
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      <title>time of supply for works comtracts</title>
      <link>https://www.taxtmi.com/forum/issue?id=116188</link>
      <description>The time of supply for continuous works contracts follows three rules: if the due date of payment is ascertainable, the time of supply is the payment due date and the invoice must be issued on or before that date; if the due date is not ascertainable, the time of supply is the earlier of receipt of payment or issuance of an invoice; if payment is linked to completion of an event, the time of supply is the date of completion and the invoice must be issued on or before that date. Advances are taxable on receipt and cessation of supply requires invoicing for the portion supplied.</description>
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      <law>GST</law>
      <pubDate>Wed, 08 Apr 2020 21:25:02 +0530</pubDate>
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