WorksheetsTime of Supply
Total questions: 10
Worksheet time: 5mins
Q1. FCM - Services A consulting firm (registered supplier) receives an advance payment of ₹5,000 for a service on 1st July. The service is completed on 10th July, and the final invoice is issued on 15th July. What is the Time of Supply?
15th July (Date of Invoice)
10th July (Date of Service Completion)
1st July (Date of Payment)
None of the above
Q2. FCM - Goods (Advance Payment Nuance) A supplier of machinery (regular taxpayer) receives an advance of ₹20,000 on 20th August. The goods are removed from the factory on 27th August, and the invoice is issued on 25th August. What is the Time of Supply?
20th August (Date of Payment)
25th August (Date of Invoice)
27th August (Date of Removal)
30th September (Due date of GSTR-3B)
Q3. FCM - Services (Late Invoice) An architect completes a design service on 1st March. Payment is received on 15th March. Due to an administrative delay, the invoice is finally issued on 10th April. What is the Time of Supply?
15th March (Date of Payment)
1st March (Date of Completion)
10th April (Date of Invoice)
31st March (Last date for invoice issue)
Q4. RCM - Goods A registered recipient receives RCM-liable goods on 15th December. The supplier's invoice is dated 1st December. The recipient makes the payment on 10th January. What is the Time of Supply?
10th January (Date of Payment)
1st January (31st day from invoice)
15th December (Date of Receipt of Goods)
1st December (Date of Invoice)
Q5. RCM - Goods An RCM transaction for goods has the following dates: Supplier's Invoice: 25th January; Goods Received: 1st March; Payment Made: 5th March. What is the Time of Supply?
1st March (Receipt)
5th March (Payment)
24th February (30th day from invoice)
25th February (31st day from invoice)
Q6. RCM - Services (Payment is Earlier) A company receives legal services (RCM applicable). The lawyer's invoice is dated 1st June. The company processes and makes the payment on 20th July. What is the Time of Supply?
1st June (Date of Invoice)
20th July (Date of Payment)
31st July (60th day from invoice)
1st August (61st day from invoice)
Q7. RCM - Services A recipient receives GTA services (RCM applicable). The GTA's consignment note is dated 1st October. The recipient delays payment until 15th December. What is the Time of Supply?
1st October (Date of Invoice)
30th November (61st day from invoice)
15th December (Date of Payment)
31st December (End of Quarter)
Q8. Vouchers (Identifiable Supply) A retailer issues a voucher on 5th May that is exclusively redeemable for a "Full Spa Day Package" at a specific health center. The customer redeems the voucher on 25th May. What is the Time of Supply?
5th May (Date of Issue of Voucher)
25th May (Date of Redemption)
10th May (Date of Payment for Voucher)
None, as vouchers are not taxable supplies
Q9. Vouchers (Non-Identifiable Supply) A clothing store sells a general gift card for ₹5,000 on 1st December. The customer uses the card to buy clothes on 15th January. What is the Time of Supply?
1st December (Date of Issue)
15th January (Date of Redemption)
31st December (End of Month)
1st February (31st day from redemption)
Q10. Addition to Value (Late Fee) A buyer pays the outstanding invoice value on 15th April. Due to the delay, the supplier charges a late fee/interest, which is received by the supplier on 30th April. What is the Time of Supply for the late fee amount?
1st April (Original due date)
15th April (Date original payment was made)
30th April (Date of receipt of late fee)
The same date as the original supply
