Time of Supply of Goods – Residual provision [ Section 12(5) ]

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....ice as per section 31 of CGST Act 2017. Time limit for issuance of invoice for supply of goods under section 31 of CGST Act 2017 * A registered person supplying taxable goods shall, before or at the time of, - * Removal of goods for supply to the recipient, where the supply involves movement of goods; or * Delivery of goods or making available thereof to the recipient, in any other case (in....

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....r sale or return, are removed before the supply takes place * Invoice should be issued before or at the time of supply or * 6 months from the date of removal, whichever is earlier [Section 31(7)]. We consider below how the time of supply is determined in each of these situations Time of supply of goods or services (Residual provisions) Section 12(5) of CGST Act 2017 Where it is not pos....

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....t create time of supply in case of supply of goods. Since the supplier is registered the time of supply in this case shall be determined as per 12(5)(a), date on which such return is to be filed against such supply. Example 2:- Enforcement Directorate (ED) in a money laundering case unearthed a large volume of undisclosed goods. The company claimed the assets as income from supply of goods. ....