Time of Supply of Goods
Earlier of:
Date of issuing invoice or the last day by which invoice should have been issued or Date of receipt of payment
Time of Supply of Services
In case of Invoice issued within 30 days/45 days
Earliest of:
Issue of Invoice or Date of receipt of payment
In case of Invoice not issued within time
Earliest of:
Provision of Service or Date of receipt of payment
In case of Invoice not issued within time
Change in Rate of Tax in respect of supply of goods or service
Supply is completed before the change in rate of tax
| Invoice issued before date of change in tax rate | Payment received before date of change in tax rate | Time of supply | Applicable rate of tax |
| No | No | Earliest of the date of Invoice or payment | New rate of Tax |
| Yes | No | Date of issue of invoice | Old tax rate |
| No | Yes | Date of receipt of payment | Old tax rate |
Supply is completed before the change in rate of tax
| Invoice issued before date of change in tax rate | Payment received before date of change in tax rate | Time of supply | Applicable rate of tax |
| Yes | Yes | Earliest of the date of Invoice or payment | Old rate of Tax |
| Yes | No | Date of receipt of payment | New rate of Tax |
| No | Yes | Date of issue of invoice | New rate of Tax |
