TIME OF SUPPLY AND TAX INVOICE UNDER CGST ACT & RULES

TIME OF SUPPLY
AND
TAX INVOICE
UNDER
CGST ACT & RULES

Amount available in Electronic Cash Ledger
/ Electronic Credit Ledger may be used for
making payment of GST
Sec 49(4) –
By Credit
Sec 49(3) –
By CASH

GSTR - 3 GSTR – 4 GSTR – 7 GSTR – 6 GSTR - 5
39(1) 39(1) 39(1) 39(1) 39(1)
Every calendar
month and within 20
days of succeeding
month
Every quarter within
18 days after the end
of quarter
Every month within
of a month
Every month within
of a month
Section 27(9) speaks
about advance tax
Section 39 – Returns to be filed with tax payable and paid details
Section 39 (7) – Every registered person, who is required to furnish a
return under sub-section (1) or sub-section (2) or sub-section (3) or sub-
section (5), shall pay to the Government the tax due as per such return
not later than the last date on which he is required to furnish such return.

TIME OF SUPPLY
CGST ACT & RULES

Point of Taxation in existing vs. GST
regimeTax Point of Taxation in Existing laws Point of Supply in
GST Regime
Service Tax
Earlier date of:
• Issue of invoice / Completion of service
• Receipt of payment
Time of supply as
determined
u/s 12, 13 and 14 of
CGST Act
Excise Duty
Manufacture of goods but payable on removal of goods
from place of removal
VAT / Sales
Tax / CST
Time of sale / time of transfer of title or possession of
goods
CVD / SAD
• Date on which bill of entry is presented - in case
goods are cleared for home consumption
• Date on which bill of entry for home consumption
is presented - in case of goods cleared from
warehouse
• Date of payment of duty – in any other case

 Time of supply would mean the point at which:
• Supply is deemed to have been made
• Taxable event occurs
• Supplier is entitled to charge GST to customer (where contractually agreed)
 Time of supply is relevant to determine:
• Applicable tax rate
• Applicability of relevant provisions, rules and notifications
• Due date for tax payment
Time of Supply - Meaning

 (2) The time of supply of goods shall be the earlier of
the following dates, namely:—
(a) the date of issue of invoice by the supplier or the
last date on which he is required, under sub-section
(1) of section 31, to issue the invoice with respect to
the supply;
or
(b) the date on which the supplier receives the
payment with respect to the supply:
 Explanation 1.– For the purposes of clauses (a) and (b), “supply” shall be deemed to
have been made to the extent it is covered by the invoice or, as the case may be, the
payment.
 Explanation 2. – For the purposes of clause (b), “the date on which the supplier receives
the payment” shall be the date on which the payment is entered in his books of account
or the date on which the payment is credited to his bank account, whichever is earlier.

TIME OF SUPPLY - GOODS
(UNDER FORWARD CHARGE MECHANISM)
Date of issue of invoice by the
supplier or the last date on which he
is required, to issue the
invoice (under section 31) with respect
to the supply
OR
Date on which the
supplier receives the
payment with respect to the
supply (Exclusion :- Notn No. 40/17-CT-
Goods < Rs. 1.5 Crore turnover and no
composition Section10)
Due date for issue of invoice by the supplier u/s 31(1):
A. Before or at the time of –Removal of Goods for supply to the recipient, where the supply involves
movement of goods, or
B. Before or at the time of – Delivery of Goods OR Making Available thereof to the recipient, in any
other case
C. Goods sent or taken on approval basis for sale or return – Earlier of Time at which it becomes to
known that the supply has been taken place OR 6 months from date of removal(Sec. 31 (7))
D. Notified Categories of supplies – Time to be specified by the Govt.
Exception: when amount in excess of Rs1000/- is received, the time of supply in respect of such excess at
the option of the supplier shall be the date of such invoice.
Explanation: Date of receipt of payment means – Date on which payment is ENTERED in his books of
account OR Date on which payment is CREDITED to his bank account, (whichever is earlier)

Illustration 1: Time of supply of Goods (Case A and B)-
S.
No.
Particulars
Date
of Removal
Date of
Invoice
Date made
available to
Recipient
Date of
receipt of
Payment
Time of supply
1 Supply involves movement of Goods
Case-I 21.04.2017 22.04.2017 21.04.2017 20.06.2017 21.04.2017
Case-II 21.05.2017 20.05.2017 26.05.2017 10.08.2017 20.05.2017
Case-III 10.06.2017 11.06.2017 16.06.2017 09.05.2017 09.05.2017
2
Case Apart
from 1
NA 18.05.2017 16.05.2017 21.07.2017 16.05.2017

Illustration 2: Time of supply of Goods sent / taken on approval basis or
sale / return or similar terms [Read with Section 31(7)] –
S.
No.
Particulars
Date of
Removal
Date of
receipt by
recipient
Date of
Approval
Date of expiry
of 6 months
from the date of
removal
Time of
supply
1 Case-I 10.07.2017 20.07.2017 11.08.2017 09.01.2018 11.08.2017
2 Case-II 14.06.2017 19.06.2017 awaited 13.12.2017 13.12.2017

The time of supply of services shall be the earliest of the following dates,
namely:
(a) the date of issue of invoice by the supplier, if the invoice is issued
within the period prescribed under sub-section (2) of section 31 or
the date of receipt of payment, whichever is earlier;
Or
(b) the date of provision of service, if the invoice is not issued within
the period prescribed under sub-section (2) of section 31 or the
date of receipt of payment, whichever is earlier;
Or
(c) the date on which the recipient shows the receipt of services in his
books of account, in a case where the provisions of clause (a) or
clause (b) do not apply:
 Explanation.–For the purposes of clauses (a) and (b)-
(i) the supply shall be deemed to have been made to the extent it is covered by the
invoice or, as the case may be, the payment;
(ii) “the date of receipt of payment” shall be the date on which the payment is entered in
the books of account of the supplier or the date on which the payment is credited to
his bank account, whichever is earlier.

15
TIME OF SUPPLY - SERVICES
(under Forward charge Mechanism )
Case I- Clause (a) Case II- Clause (b) Case III- Clause (c)
When Invoice issued within
prescribed time limit U/s 31
When Invoice not issued
within prescribed time limit
U/s 31
the date on which the
recipient shows the
receipt of services in
his books of account,
in a case where the
provisions of clause (a)
or clause (b) do not
apply
Date of Invoice
OR
Date of Receipt of payment
(Whichever earlier)
Last date on which invoice
required to be issued u/s
31(provision of service-Rule 47)
OR
Date of Receipt of payment
(Whichever earlier)
Exception: When amount in excess of Rs. 1000 is received, the time of supply in
respect of such excess at the option of the supplier shall be the date of such
invoice.
Explanation: Date of receipt of payment means – Date on which payment is
ENTERED in his books of account OR Date on which payment is CREDITED to his
bank account, (whichever is earlier)

Illustrations: Time of supply of services – (Considering prescribed time limit
for issue of invoice – 30 days as per Invoice Rules)
S.
No.
Situation Date of
Completion
of Services
Date of
Invoice
Date of
receipt of
Payment
Time of
supply of
Services
1
Invoice issued within prescribed
period of completion of service 16.04.2017 20.04.2017 28.04.2017 20.04.2017
2
Invoice issued within prescribed
period of completion of service 30.09.2017 01.10.2017 24.09.2017 24.09.2017
3
Invoice issued after the
prescribed period of completion
of service
16.04.2017 16.08.2017 28.05.2017 15.05.2017
4
Invoice issued after the
prescribed period of completion
of service
10.06.2017 18.08.2017 30.04.2017 30.04.2017

Time of Supply – Sec-12,13 &14

In case of supplies in respect of which tax is paid or liable to be paid on reverse
charge basis, the time of supply shall be the earliest of the following dates, namely:
(a) the date of the receipt of goods;
or
(b) the date of payment as entered in the books of account of the recipient or the
date on which the payment is debited in his bank account, whichever is
earlier;
or
(c) the date immediately following thirty days from the date of issue of invoice or
any other document, by whatever name called, in lieu thereof by the supplier:
 Provided that where it is not possible to determine the time of supply under clause
(a) or clause (b) or clause (c), the time of supply shall be the date of entry in the
books of account of the recipient of supply.

TIME OF SUPPLY - GOODS
(Under Reverse Charge Mechanism)
Possible to determine the time of supply –
under clause (a) or (b) or (c)
Not Possible to determine the time of supply –
under clause (a) or (b) or (c)
↓ ↓
Clause (a) – the date of the receipt of goods
OR
Clause (b) – the date on which the payment is
made,
OR
Clause (c) – the date immediately following 30
days from the date of issue of invoice by the
supplier or any other documents
(Whichever is earlier)
Date of entry in the books of accounts of the
recipient of supply
Explanation: Date of receipt of payment means – Date on which payment is ENTERED in
his books of account of the RECIPIENT OR Date on which payment is DEBITED in his bank
account, (whichever is earlier)

Illustration: – Time of supply of Goods
S.
No.
Particulars
Date of
receipt of
goods
Date
of Payment
Date of
issue of
Invoice by
supplier
Date of
entry in
BOA of the
Recipient
Time
of supply
1 Case-I 21.04.2017 22.04.2017 23.04.2017 22.04.2017 21.04.2017
2 Case-II 21.05.2017 20.05.2017 26.05.2017 20.05.2017 20.05.2017
3
Case-III (date
immediately following
30 days from the date
of issue of invoice by
the supplier)
02.07.2017 11.07.2017 01.06.2017 11.07.2017 01.07.2017
4 Case-IV NA NA NA 25.06.2017 25.06.2017

In case of supplies in respect of which tax is paid or liable to be paid on reverse
charge basis, the time of supply shall be the earlier of the following dates,
namely:-
(a) the date of payment as entered in the books of account of the recipient or
the date on which the payment is debited in his bank account, whichever
is earlier;
or
(b)the date immediately following sixty days from the date of issue of
invoice or any other document, by whatever name called, in lieu thereof
by the supplier:
 Provided that where it is not possible to determine the time of supply
under clause (a) or clause (b), the time of supply shall be the date of entry
in the books of account of the recipient of supply
 Provided further that in case of supply by associated enterprises, where
the supplier of service is located outside India, the time of supply shall be
the date of entry in the books of account of the recipient of supply or the
date of payment, whichever is earlier

22
TIME OF SUPPLY - SERVICES
(UNDER REVERSE CHARGE MECHANISM )
Possible to determine the
time of supply – under
clause (a) or (b)
Not Possible to
determine the time of
supply – under clause
(a) or (b)
In case of Associated
Enterprises
(where supplier of service
is located outside India)
Clause (a)- Date on which
payment is made
OR
Clause (b) – Immediate
date after end of 60 days
from the date of issue of
invoice
(Whichever earlier)
Date of entry in the books
of accounts of the
recipient of supply
Date of entry in the books
of accounts of the recipient
of supply
OR
Date of payment
(Whichever earlier)
Explanation: Date on which payment is made means:
Date on which payment is ENTERED in books of account of recipient
OR
Date on which payment is DEBITED to his bank account, (whichever is earlier)

S.
No
Particulars
Date of
issue
of Invoice
Date of
Actual
Payment
Date of
entry
in BOA of
the
Recipient
Time of
Supply
1
Case-I (Payment is made by
recipient of services within 60
days of issue of invoice)
22.06.2017 10.05.2017 23.06.2017 10.05.2017
2
Case-II (Payment is not made
by recipient of services within 60
days of issue of invoice)
23.06.2017 28.09.2017 24.06.2017 23.08.2017
3
Case-III (TOS is not determined
under Case I or Case II)
NA NA 25.06.2017 25.06.2017
4
Case-IV (Associate Enterprises
located outside India)
23.08.2017 28.09.2017 24.08.2017 24.08.2017
Illustration 1: Time of supply of services – Reverse Charge

24
S.
No
Particulars
Non-
associated
Enterprises
Associated
Enterprises
located
outside India
1
Date on which payment is entered in books
of accounts of recipient
28.09.2017 28.09.2017
2
Date on which payment is debited to bank
account of recipient
30.09.2017 30.09.2017
3 Date of issuance of invoice by supplier 23.08.2017 23.08.2017
4 Sixty days from the date of issuing invoice 21.10.2017 21.10.2017
5
Date of entry in the books of accounts of the
recipient
24.08.2017 24.08.2017
Time of supply 28.09.2017 24.08.2017
Illustration 2: Time of supply of services – Reverse Charge

26
TIME OF SUPPLY
U/s 12(4) U/s 12(5)
In case of supply of vouchers If it is not possible to determine the
time of supply under the provisions of
sub-section (2), (3) or (4)
the date of issue of voucher, if the supply
is identifiable at that point
OR
the date of redemption of voucher, in all
other cases
in a case where a periodical return has
to be filed, the date on which such
return is to be filed
OR
in any other case, the date on which
the CGST/SGST is paid
The time of supply of Goods in accordance with the provisions of Sub-Section 4 and 5 of Section 12 of CGST Act:

27
TIME OF SUPPLY
OR in any other case, the date on which the
CGST/SGST is paid
Under Sub-Section 4 of Section 13 of CGST Act, In case of supply of vouchers,
by whatever named called, by a supplier, the time of supply shall be:
TIME OF SUPPLY
OR in any other case, the date on which the
CGST/SGST is paid
Under Sub-Section 5 of Section 13 of CGST Act (Residuary provision), In case it is not possible to
determine the time of supply under the provisions of subsection (2), (3) or (4) the time of supply
shall

The Time of Supply of Services under Sub-Section 6 of Section 13
of CGST Act
Special charges imposed for delay in payment of consideration will enjoy
the facility of time of supply being date of receipt of the
charges imposed, that is, cash-basis of payment of GST (Charges such
as Interest, late fees or penalty for delayed payment of any
consideration).
The Time of Supply of Goods under Sub-Section 6 of Section 12 of
CGST Act
Special charges imposed for delay in payment of consideration will enjoy
the facility of time of supply being date of receipt of the
charges imposed, that is, cash-basis of payment of GST (Charges such
as Interest, late fees or penalty for delayed payment of any
consideration).

Time of supply shall be date on which supplier
receives such addition in value
Time of Supply – Interest, late fee or
penalty for delayed payment for services
Addition in
value of supply
by way of:
[Sections 12(6)
& 13(6)]
- Interest
- Late fee
- Penalty for
delayed
payment

In case the goods or services or both have been supplied before the
change in rate of tax
Situation
Before Change
(A)
After Change
(B)
Time of Supply
Rate of
Tax
Case-I Completion
Invoice,
Payment
Which is earlier
(Column-B)
18%
Case-II
Completion,
Invoice
Payment
Date of issue of
Invoice
12%
Case-III
Completion,
Payment
Invoice
Date of receipt
of payment
12%

In case the goods or services or both have been supplied after the
change in rate of tax
Situation
Before Change
(A)
After Change
(B)
Time of
Supply
Rate of
Tax
Case-I Invoice
Completion,
Payment
Date of receipt
of payment
18%
Case-II
Invoice,
Payment
Completion
Which is earlier
(Column-A)
12%
Case-III Payment
Completion,
Invoice
Date of issue of
Invoice
18%

TAX INVOICE
UNDER
CGST ACT & RULES

 FEATURES : RULE 11 OF CER, 2002
CE REGISTRATION
NO: AND ADDRESS
OF THE DIVISION
NAME OF THE
CONSIGNEE
DESCRIPTION
CLASSIFICATION
TIME AND DATE OF
REMOVAL
MODE OF
TRANSPORT AND
VEHICLE
REGISTRATION
NUMBER
QUANTITY AND
VALUE OF GOODS
RATE OF DUTY AND
THE AMOUNT OF
DUTY
SIGNED BY THE
OWNER OF THE
FACTORY/
AUTHORISED AGENT

CONSECUTIVE
SERIAL NUMBER
DATE ON
WHICH
INVOICE IS
ISSUED
NAME, ADDRESS
AND TIN OF
THE SELLER
NAME, ADDRESS
AND TIN OF
THE BUYER
DESCRIPTION,
QTY/ VOLUME
AND VALUE OF
GOODS SOLD
RATE AND
AMOUNT OF
TAX CHARGED
TOTAL VALUE
OF GOODS
AUTHORISED
SIGNATURE
FEATURES

SERIAL NUMBERS
NAME, ADDRESS & REGISTRATION
NO: OF SERVICE PROVIDER
NAME AND ADDRESS OF SERVICE
RECIPIENT
DESCRIPTION AND VALUE OF
TAXABLE SERVICE
SERVICE TAX PAYABLE
AUTHORISED SIGNATURE

BILL OF SUPPLY
(Rule 49)
RECEIPT
VOUCHER
(Rule 50)
SUPPLEMENTARY
/REVISEDINVOICE-
CR AND DB NOTES
(Rule 54)
REFUND
VOUCHER
(Rule 51)
TAX INVOICE-
SPECIAL CASE
(ISD/BANK/GTA/INSURER/PASSENGER)
(Rule 54)
DELIVERY
CHALLAN-
(Rule 55)
TAX INVOICE
(Rule 46)
INVOICE CUM
BILL
(Rule 46 A)
(Notn No.45/17-CT)
PAYMENT
VOUCHER
(RCM-[9(3)/9(4)/31(3)(g)
(Rule 52)

A registered person supplying taxable goods shall,
before or at the time of,—
(a) removal of goods for supply to the recipient,
where the supply involves movement of goods;
or
(b) delivery of goods or making available thereof to
the recipient, in any other case,
issue a tax invoice showing the description, quantity
and value of goods, the tax charged thereon and such
other particulars as may be prescribed:
Provided that the Government may, on the recommendations of the Council, by notification, specify the
categories of goods or supplies in respect of which a tax invoice shall be issued, within such time and
in such manner as may be prescribed.
Tax invoice

Before or at the time of
Registered Person Supplying
Taxable Goods
Removal of Goods for Supply
to the recipient, where the
goods involved movement
Delivery of goods or making
available by recipient
Issue Tax Invoice showing the
description of Quantity and
Value of Goods & Tax charged
Thereon

A registered person supplying taxable services shall,
before or after the provision of service but within a
prescribed period, issue a tax invoice, (Rule47)
showing the description, value, tax charged thereon
and such other particulars as may be prescribed:
Provided that the Government may, on the recommendations of the
Council, by notification and subject to such conditions as may be
mentioned therein, specify the categories of services in respect of which–
(a) any other document issued in relation to the supply shall be
deemed to be a tax invoice; or
(b) tax invoice may not be issued.
Tax invoice

Before or after the provision of services
within Prescribed Period
Registered Person Supplying
Taxable Services
Issue Tax Invoice Showing the description,
Value & Tax Charged Thereon other
particulars as prescribed
Government by notification and subject to conditions as
may be prescribed, specify the categories
Any Document shall be
deemed to be Tax Invoice
Tax Invoice may not be issued

 Name, Address & GSTIN of Supplier
 Consecutive Serial No.
 Date
 Name, Address, GSTIN or UIN of the
recipient
 If Recipient is Un-registered & Value of
supply>50K- Name, Address, Address of
Delivery, State Name & Code
 HSN code of Goods or Accounting code
of Services (0,2,4, and 8 digits- Notn.
No. 12/17-CT)
 Description of Goods or services
 Quantity of goods and Units
 Total Value of Supply of goods or
services
 Taxable Value- Taking the Discount &
Abatement
 Rate of Tax ( Central Tax, State Tax,
Integrated Tax, Union Territory Tax or Cess)
 Amount of Tax Charged
 Place of Supply with name of state in case
supply being Inter- State
 Address of Delivery if different from place of
supply
 Tax Payable under RCM
 Signature of Supplier or Authorized
Representative
 In case of Exports, Invoice shall carry an
endorsement- “SUPPLY MEANT FOR
EXPORTS ON PAYMENT OF IGST” or
“SUPPLY MEANT FOR EXPORT UNDER
BOND OR LETTER OF UNDERSTANDING
WITHOUT PAYMENT OF IGST” containing
name & Address of recipient, address of
delivery, name of country of destination,
number and date of application for removal

 Shall be issued within 30 days from the date of supply of services
 If supplier of services- Insurer or Banking Co., Fin Inst., Incl NBFC- the period
within which the Invoice to be issued is 45 Days
 If supplier of services- Insurer or Banking Co., Fin Inst., Incl NBFC, Telecom Co.
or any other class of supplier of services as may be notified- Taxable Supplies
made between the Distinct Person as specified U/s 25 as referred to Entry 2 of
Sch I- Invoice can be issued :-
 Before or at the time such supplier records the same in his books of
accounts
OR
 Before the expiry of quarter during which the supply was made

Original Copy for Recipient
Duplicate Copy for
Transporter Triplicate for

Original Copy
for Recipient
Duplicate Copy
for Supplier

Notwithstanding anything contained in sub-sections (1) and (2)–
(a) a registered person may, within one month from the date of issuance
of certificate of registration and in such manner as may be prescribed,
issue a revised invoice against the invoice already issued during the
period beginning with the effective date of registration till the date of
issuance of certificate of registration to him;
[(Rule 53(2))…(First proviso to Rule 53(2) – Consolidated revised tax
Invoice for unregistered recipient)….. (Second proviso to Rule 53(2) –
Consolidated revised tax Invoice for interstate unregistered recipients
separately, if value is less than Rs.2.5 Lakhs)]
(Rule 53(3) – Any invoice or debit note issued for the tax payable under
sections 74 (Suppression), 129(Detention/seizure) and 130
(Confiscation) shall indicate prominently “INPUT TAX CREDIT NOT
ADMISSIBLE)
Tax invoice
Revised Invoice Vs Supplementary Invoice (Totality Vs Deficiency

Notwithstanding anything contained in sub-sections (1) and (2)–
(b)a registered person may not issue a tax invoice if the value of the
goods or services or both supplied is less than two hundred rupees
subject to such conditions and in such manner as may be prescribed;
(Fourth proviso to Rule 46 – Consolidated revised tax Invoice for
unregistered recipient and no request by the recipient – at the end of
the day)…..
(c)a registered person supplying exempted goods or services or both or
paying tax under the provisions of section 10 shall issue, instead of a
tax invoice, a bill of supply containing such particulars and in such
manner as may be prescribed: (Rule 49 – Bills includes non-taxable
supply also)
Provided that the registered person may not issue a bill of supply if the value of
the goods or services or both supplied is less than two hundred rupees subject
to such conditions and in such manner as may be prescribed;
Tax invoice

(d) a registered person shall, on receipt of advance payment with respect
to any supply of goods or services or both, issue a receipt voucher or
any other document, containing such particulars as may be
prescribed, evidencing receipt of such payment; (Rule 50)
(e) where, on receipt of advance payment with respect to any supply of
goods or services or both the registered person issues a receipt
voucher, but subsequently no supply is made and no tax invoice is
issued in pursuance thereof, the said registered person may issue to
the person who had made the payment, a refund voucher against
such payment; (Rule 51)
Tax invoice

(f) a registered person who is liable to pay tax under sub-section (3) or
sub-section (4) of section 9 shall issue an invoice (self) in respect of
goods or services or both received by him from the supplier who is
not registered on the date of receipt of goods or services or both;
(Second proviso to Rule 46 – Consolidated revised tax Invoice for
unregistered supplier under Section 9(4) – Value exceeds Rs. 5000/-
per day…at the end of a month ..Now postponed up to 31.03.2018
Notn. No.:38/17-T(R) Dated13/10/17)
(g) a registered person who is liable to pay tax under sub-section (3) or
sub-section (4) of section 9 shall issue a payment voucher at the time
of making payment to the supplier. (Rule 52)
Tax invoice - RCM

In case of continuous supply of goods,
where successive statements of
accounts or successive payments are
involved, the invoice shall be issued
before or at the time each such statement
is issued or, as the case may be, each
such payment is received.

Subject to the provisions of clause (d) of sub-section (3), (Advance
Payment) in case of continuous supply of services,–
(a) where the due date of payment is ascertainable from the
contract, the invoice shall be issued on or before the due
date of payment;
(b) where the due date of payment is not ascertainable from
the contract, the invoice shall be issued before or at the
time when the supplier of service receives the payment;
(c) where the payment is linked to the completion of an event,
the invoice shall be issued on or before the date of
completion of that event.

In a case where the supply of services
ceases under a contract before the
completion of the supply, the invoice
shall be issued at the time when the
supply ceases and such invoice shall be
issued to the extent of the supply made
before such cessation.

Notwithstanding anything contained in sub-section (1),
where the goods being sent or taken on approval for
sale or return are removed before the supply takes
place, the invoice shall be issued before or at the time
of supply or six months from the date of removal,
whichever is earlier.
Explanation.– For the purposes of this section, the
expression “tax invoice” shall include any revised
invoice issued by the supplier in respect of a supply
made earlier.

(1) A person who is not a registered person shall not
collect in respect of any supply of goods or services or
both any amount by way of tax under this Act.
(2) No registered person shall collect tax except in
accordance with the provisions of this Act or the rules
made thereunder.
Section 32 of GST – Prohibition of
unauthorised collection of tax

Notwithstanding anything contained in this Act or any
other law for the time being in force, where any supply
is made for a consideration, every person who is liable
to pay tax for such supply shall prominently indicate in
all documents relating to assessment, tax invoice and
other like documents, the amount of tax which shall
form part of the price at which such supply is made.
(Price is inclusive of Tax)
Section 33 of GST – Amount of tax to be
indicated in tax invoice and other documents

(1) Where a tax invoice has been issued for supply of
any goods or services or both and the taxable value or
tax charged in that tax invoice is found to exceed the
taxable value or tax payable in respect of such supply,
or where the goods supplied are returned by the
recipient, or where goods or services or both supplied
are found to be deficient, the registered person, who
has supplied such goods or services or both, may
issue to the recipient a credit note containing such
particulars as may be prescribed.
Section 34 of GST – Credit and debit notes

(2) Any registered person who issues a credit note in
relation to a supply of goods or services or both shall
declare the details of such credit note in the return for
the month during which such credit note has been
issued but not later than September following the end
of the financial year in which such supply was made, or
the date of furnishing of the relevant annual return,
whichever is earlier, and the tax liability shall be
adjusted in such manner as may be prescribed:
Provided that no reduction in output tax liability of the supplier
shall be permitted, if the incidence of tax and interest on such
supply has been passed on to any other person.(Unjust
enrichment)

(3) Where a tax invoice has been issued for supply of
any goods or services or both and the taxable value or
tax charged in that tax invoice is found to be less than
the taxable value or tax payable in respect of such
supply, the registered person, who has supplied such
goods or services or both, shall issue to the recipient a
debit note containing such particulars as may be
prescribed.

(4) Any registered person who issues a debit note in
relation to a supply of goods or services or both shall
declare the details of such debit note in the return for
the month during which such debit note has been
issued and the tax liability shall be adjusted in such
manner as may be prescribed.
Explanation.– For the purposes of this Act, the
expression “debit note” shall include a supplementary
invoice.

Tax value
Tax amount Increased Decreased
Goods Added Returned
Quality or More than
ordered
Deficient
Quantity
Supplier has to issue: Debit
Note
Credit
Note
(Tax and interest should not
have been passed on to any
other person)

Tax
Invoice
Alread
y
Issued
Taxable
Value / Tax
Charged
>
Taxable
value / tax
payable
Issue
a
Credi
t
Note
Before/
earlier of
30th Sep
of next
FY
or
annual
return
filed date

Tax
Invoice
Alread
y
Issue
Taxable
Value / Tax
Charged
<
Taxable
value / tax
payable
Issue
a
Debit
Note
Before/
earlier of
30th Sep
of next
FY
or
annu
al
return
filed date

NEW FEATURES TO BE INCLUDED
IF REGISTERED
RECIPIENT
NAME , ADDRESS AND
GSTIN OF RECIPIENT
IF
UNREGISTERED
RECIPIENT
AND VALUE OF
TAXABLE SUPPLY >=
50000
THEN NAME AND
ADDRESS OF THE
RECIPIENT AND
ADDRESS OF DELIVERY;
STATE AND CODE

PLACE OF SUPPLY,
ALONG WITH NAME OF
STATE- INTER STATE
TRADE
ADDRESS OF DELIVERY ,
IF DIFFERENT FROM
PLACE OF SUPPLY
WHETHER THE TAX IF
PAYABLE ON REVERSE
CHARGE BASIS
HSN CODE (GOODS)
ACCOUNTING CODE
( SERVICES)

EXCEPTIONS TO ISSUING INVOICE
 WHERE VALUE OF GOODS/ SERVICES
SUPPLIED < RS 200
THE RECIPIENT IS NOT A
REGISTERED PERSON
THE RECIPIENT DOES NOT
REQUIRE SUCH INVOICE
THE REGISTERED PERSON, IN THE
ABOVE SITUATION, SHOULD ISSUE A
CONSODILATED TAX INVOICE FOR
SUCH SUPPLIES AT THE CLOSE OF
EACH DAY

FOR SUPPLY OF GOODS
BEFORE OR AT THE TIME OF
REMOVAL/ DELIVERY OF
GOODS- SUPPLY INVOLVES
MOVEMENT OF GOODS/
SUPPLY DOES NOT INVOLVE
MOVEMENT
FOR SUPPLY OF SERVICES
WITHIN 30 DAYS
IF BANK/ FINANCIAL
INSTITUION- 45 DAYS
IF INSURER/ BANKING
COMPANY/FINANCIAL
INSTITUTION/NBFC/TELECOM
OPERATOR- MAKING
TAXABLE SUPPLY BETWEEN
DISTINCT PERSONS- INVOICE
BEFORE/AT TIME OF
RECORDING IN BOOKS OR
BEFORE EXPIRY OF QUARTER
TIME LIMIT FOR ISSUE OF INVOICES

INPUT SERVICE
DISTRIBUTOR
NAME, ADDRESS AND GSTIN OF
ISD
SERIAL NUMBER AND DATE OF
ISSUE
NAME, ADDRESS AND GSTIN OF
RECIPIENT TO WHOM CREDIT IS
DISTRIBUTED
AMOUNT OF CREDIT
DISTRIBUTED

GOODS TRANSPORT AGENCY- TRANSPORT BY
ROAD IN GOODS CARRIAGE (Rule 55)
GROSS WEIGHT OF THE CONSIGNMENT
NAME OF CONSIGNEE AND CONSIGNOR
REGISTRATION NUMBER OF GOODS
CARRIAGE; DETAILS OF GOODS
TRANSPORTED
DETAILS OF PLACE OF ORIGIN AND
DESTINATION
GSTIN OF PERSON LIABLE TO PAY TAX

PASSENGER TRANSPORTATION
SERVICE (Rule 55)
TAX INVOICE CAN INCLUDE
TICKET
NEED NOT BE
SERIALLY
NUMBERED OR
HAVE ADDRESS OF
RECIPIENT
OTHER DETAILS IN
RULES

SUPPLY OF
LIQUID GAS; QTY
AT THE TIME OF
REMOVAL NOT
KNOWN
TRANSPORTATION
OF GOODS FOR
JOBWORK
TRANSPORTATION
OF GOODS-
OTHER THAN FOR
SUPPLY

FEATURES TO BE INCLUDED IN DELIVERY
CHALLAN
DATE AND
NUMBER OF
DELIVERY
CHALLAN
NAME, ADDRESS,
GSTIN OF
CONSIGNEE AND
CONSIGNOR
HSN CODE AND
DESCRIPTION OF
GOODS; QTY (
PROVISIONAL)
TAXABLE
VALUE, TAX
RATE AND TAX
AMOUNT
PLACE OF SUPPLY,
FOR INTER STATE
MOVEMENT
SIGNATURE

ISSUE OF TAX INVOICE UNDER SECTION 31 OF CGST ACT, 2017
Before or at the time of removal of
goods
(where movement is involved)
Section 31(1) (a) For goods
Before or at the time of delivery of
goods
(In other cases- no movement is
involved)
Section 31(1) (b) For goods
Before or after but within the time
prescribed i.e within 30/45 days or
expiry of quarter ending etc from
the date of supply of service
Section 31(2) read with Rule
47 of CGST Rules, 2017 for
services
For services
Within one month from the date of
registration (for the supplies made
intermittent period)
Revised invoice
Section 31(3)(a)
For goods/services

Need not issue a tax invoice or bill
of supply if the value of supply is
less than Rs.200/- but have to issue
consolidated invoice for each day
Section 31(b) and Proviso to
Section 31(c ) r/w 4th proviso
to Rule 46—if the recipient
is unregistered and not
requested for invoice
For goods/services
Issue payment voucher for receipt
of advance
Section 31(3)(d) r/w Rule 50
For goods/services
(Exclusion for goods –
Turnover up to Rs.1.5
Cr)
Issue refund voucher if no supply is
made in the above case
Section 31(3)(e) r/w Rule 51
Issue a consolidated invoice at the
end of the month where the
aggregate turnover exceeds
Rs.5000/- exceeds in case of
supplies from unregistered supplier
Sec.31(3(f)) r/w
2nd proviso to Rule 46
RCM Sec,9(3) and 9(4)
For goods/services
At the time of making payment
issue in the above cases, issue
Payment voucher
RCM- Section 9(3) & 9(4)
Sec. 31(3)(g) r/w Rule 52
For goods/services

Before or at the time of each such
statement issued or payment
received
Section 31(4)
Continuous supply of goods
For goods
a)on or before the due date of
payment
b) before or at the time of receiving
payment, if no due date
c)on or before the date of
completion of an event, if payment
is linked to completion of event
Section 31(5) – Continuous
supply of services
For services
At the time when the supply ceases,
invoice to be issued to that extent
Section 31(6) – contract
ceased before the completion
of supply
For services
Before or at the time of supply or
six months from the date of
removal – whichever is earlier
Section 31(7) goods sent on
approval basis.
For goods

MRP / RSP
Goods-
Invoice
Model

TIME OF SUPPLY AND TAX INVOICE UNDER CGST ACT & RULES

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