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Levy in GST
S.No Particulars
1 Time of supply
The time of supply fixes the point when the liability to pay tax arises. The time of
supply is the time when a supply of goods and / or services is treated as being
made for payment of taxes under the GST law
(i) Goods
(ii) Services
(iii) Both
Section 12 (1) - Liability to pay tax on goods shall arise at the time of supply of goods
Section 13 (1) - Liability to pay tax on services shall arise at the time of supply
of services
Levy in GST
S.No Particulars
4 Legal provisions for change in rate of tax in respect of goods and/or services
Section 14 (A) • Goods and/or services supplied before the change in rate of tax
Section 14 (B) • Goods and/or services supplied after the change in rate of tax
(whichever is earlier)
Levy in GST
S.No Particulars
On approval
Name
Address of delivery
Name of State
Section-2(96)
Dispatch of the goods for delivery by the supplier thereof or by any other
person acting on behalf of such supplier, or
Section-2(32)
Under a contract
It may or may not be through means of a wire, cable, pipeline or other conduit.
Levy in GST
S.No Particulars
Date of receipts of goods; or
Levy in GST
S.No Particulars
Date of payment
Normal Supply
With in 30 days from the date of supply of services
On or before the date of payment ,in case of continuous supply of services where
due date is not ascertainable
Cessation of Service
Time when
SECTION - 2 (33)
Under a contract
It may or may not be through means of a wire, cable, pipeline or other conduit.
Levy in GST
S.No Particulars
Date of issue of voucher
Residual provision :
A) In a case where a periodical return has to be filed, be the date on which such
return is to be filed;
Interest
Late Fee
Penalty
The taxable service has been provided before the change in effective rate of tax
The date of receipt of payment shall be the date of credit in the bank account if such
credit in the bonk account is after 4 working days from the date of change in rate of tax.
The taxable service has been provided before the change in effective rate of tax