Chart 11- Time Of Supply

Question 1

Sections of time of supply

Answer 1

12- time of supply of goods
13- time of supply of services

Question 2

Section 12

Answer 2

12(1) liability to pay tax on goods
12(2) FCM
-invoice (removal of goods)
- receipt of payment
12(3) RCM
- receipt of goods
- payment
- 31st date of invoice
12(4) Voucher
- Issue
- redemption
12(5) Residuary cases
- date of return (RP)
- date of tax paid (URP)
12(6) interest penalty late fee
- date of receipt of IPL

Question 3

Sec 13

Answer 3

13(1) liability to pay tax on services
13(2) FCM
-invoice
- date of service
- receipt of payment
13(3) RCM
- payment
- 61st date of invoice
13(4) Voucher
- Issue
- redemption
13(5) Residuary cases
- date of return (RP)
- date of tax paid (URP)
13(6) interest penalty late fee
- date of receipt of IPL