According to this last date is different in various scenarios

Where supply Involving Movement of Goods

In that case invoice must be issued at the time when the goods are about to be removed.

Now what if supply not Involving Movement of Goods

Where the supply not involving movement of Goods then an Invoice must be issued at that time when goods are delivered or made available to the recipient.

In case of Goods on approval or sale or return, what will be the last date for issue of invoice?

What happens sometimes, being a supplier, you send goods to customer, for selection or approval on the same, most of the time customer confirms the goods and get it purchased after making payment instantly or at later date. Now we need to know in this case, what will be the last date to issue invoice by supplier to customer.

So, friends last date would be earliest of following two dates

1.   Confirmation of acceptance by customer/ recipient

2.   6 Months from the date of removal of goods from supplier

So these were the provisions for time of supply of goods under forward charge mechanism now comes to…

Provision for time of supply of goods under reverse charge mechanism ie when recipient is liable to pay GST

Friends, according to GST provisions, in case of supply of goods under reverse charge mechanism, the time of supply will be at the earliest of the following four dates:

1.   Date on which recipient received goods

2.   Date of payment as entered in the books of accounts of the recipient

3.   Date on which payment is debited in the bank account of recipient

4.   30 days from the date of issue of invoice or other documents by whatever name called in lieu of supply by supplier.