GST - Time of supply

As per section 12(2) of CGST Act, 2017, where the supplier is liable to pay tax under forward charge , the time of supply will be

• Date of issue of invoice or the last date on which the supplier is required to issue invoice
• Date on which supplier receives the payment with respect to the supplies.
• Earlier of A and B
• Later of A and B

Mr.Ram supplied goods to Mr.Laxman. The invoice is dated 30.07.2018. Payment was received for supply on 30.10.2018. The goods were dispatched on 05.08.2018. What is the time of supply under CGST Act?

• 05.08.2018
• 30.07.2018
• 30.10.2018
• None of the above

ABC Ltd of Mumbai supplied goods to XYZ Ltd of Delhi under a contract for the goods to be delivered at the factory of the buyers. Goods removed from the factory of ABC Ltd on 19.08.2018 and were delivered in the factory of XYZ Ltd. Of Delhi on 26.08.2018. Invoice for the supplies were raised by ABC Ltd on 18.08.2018. Payment of the bill was received on 20.09.2018. The time of supply in this case under GST should be taken as?

• 19.08.2018
• 16.08.2018
• 18.08.2018
• 20.09.2018

Kamal has supplied goods to Mr.X on 24.12.2017. The invoice had already been raised on 22.12.2017. Mr.X had paid the due amount on 29.12.2017. The receipt was entered into in the books of account by Kamal on 30.12.2017. But the same was credited in his bank account on 02.01.2018. In this case,the time of supply shall be?

• 22.12.2017
• 30.12.2017
• 02.01.2018
• 25.12.2017

If the supply is identifiable at the point at which voucher is issued, the time of supply shall be

• Date of issue of voucher
• date of redemption
• 3 months from the date of issue
• Earlier of A and C

When an unregistered dealer supplied goods to a registered dealer, the time of supply under reverse charge shall be earliest of

• Date of receipt of goods
• Date of supply of goods
• Date of loading of goods In transport
• Date of intimation of supply of goods

Date on which the supplier received the payment as per section 12 of the CGST Act shall be

• Date entered in the books of account
• Date of credit in the bank account
• Date entered into the books of account or date of credit in bank account whichever is earlier.
• Date on which receipt voucher is issued by the supplier

What is the time of supply of vouchers when the supply with respect to the voucher is not identifiable

• Date of issue of voucher
• Date of redemption of voucher
• Date of entry into books of account
• Earlier of A or B or C

Section 12 prescribes that the time of supply to the extent it relates to an addition In the value of supply by way of interest, late fee or penalty for the delayed payment of any consideration shall be the date on which

• The supplier receives such addition in value
• The supplier becomes entitled to such addition in value
• Earlier of A and B
• None of the above

What is the time of supply of service if the invoice is not issued within 30 days from the date of provision of service

• Date of issue of invoice
• Date on which the supplier receives payment
• Date of provision of service
• Earlier of B and C