<p style="margin-left:72px; text-align:justify"><span style="font-size:14px"><span style="background-color:white"><span style="color:black">The point of time when tax would be payable under the transaction, would not be determined with reference to transfer of ownership or any other criteria but with reference to the provisions of&nbsp;<em>time of supply&nbsp;</em>as provided under GST. Time of&nbsp;</span></span><a href="https://www.taxmann.com/post/blog/45/what-is-the-concept-of-supply-under-gst-and-why-is-it-important/" style="color:blue; text-decoration:underline"><span style="color:black">supply of goods in GST</span></a><span style="background-color:white"><span style="color:black">&nbsp;has been linked with issue of Invoice. Thus, it would be imperative that we first understand, when a person would be required to issue invoice under GST.&nbsp;</span></span></span></p>

<p style="margin-left:72px; text-align:justify">&nbsp;</p>

<p style="margin-left:72px; text-align:justify"><span style="font-size:14px"><strong><span style="background-color:white"><span style="color:black">What is time limit for issue of invoice for supply of goods in case of new registration?</span></span></strong>&nbsp;</span></p>

<p style="margin-left:72px; text-align:justify">&nbsp;</p>

<p style="margin-left:72px; text-align:justify"><span style="font-size:14px"><span style="background-color:white"><span style="color:black">Registered person may issue revised invoices within a period of one month from the date of issuance of the certificate of registration for a period beginning from the effective date of registration till the date of issuance of certificate of registration.</span></span></span></p>

<p style="margin-left:72px; text-align:justify">&nbsp;</p>

<ul>
	<li style="text-align:justify">
	<p><span style="font-size:14px"><span style="background-color:white"><span style="color:#243f60"><span style="color:black">Case Study for determining time of supply</span></span></span></span></p>
	</li>
</ul>

<p style="margin-left:72px; text-align:justify">&nbsp;</p>

<p style="margin-left:72px; text-align:justify"><span style="font-size:14px"><span style="background-color:white"><span style="color:black">A of Delhi supplies goods to B of Mumbai. A has to send the goods for delivery from Delhi to Mumbai. A sends the goods to B on 29th August 2016. The time of supply in different scenarios can be assessed as follows:</span></span></span></p>

<p style="margin-left:72px; text-align:justify">&nbsp;</p>

<table cellspacing="0" class="Table" style="background:white; border-collapse:collapse; margin-left:80px; width:900px">
	<tbody>
		<tr>
			<td style="background-color:white; border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; vertical-align:top; width:75px">
			<div style="text-align:center"><span style="font-size:22px"><strong><em><span style="color:black">Date of Removal of Goods</span></em></strong></span></div>
			</td>
			<td style="background-color:white; border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; vertical-align:top; width:89px">
			<div style="text-align:center"><span style="font-size:22px"><strong><em><span style="color:black">Date of Issue of Invoice</span></em></strong></span></div>
			</td>
			<td style="background-color:white; border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; vertical-align:top; width:89px">
			<div style="text-align:center"><span style="font-size:22px"><strong><em><span style="color:black">Last Date for Issue of Tax Invoice</span></em></strong></span></div>
			</td>
			<td style="background-color:white; border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; vertical-align:top; width:89px">
			<div style="text-align:center"><span style="font-size:22px"><strong><em><span style="color:black">Date on which payment is entered in the books of account</span></em></strong></span></div>
			</td>
			<td style="background-color:white; border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; vertical-align:top; width:89px">
			<div style="text-align:center"><span style="font-size:22px"><strong><em><span style="color:black">Date on which payment is credited in the Bank Account</span></em></strong></span></div>
			</td>
			<td style="background-color:white; border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; vertical-align:top; width:89px">
			<div style="text-align:center"><span style="font-size:22px"><strong><em><span style="color:black">Time of Supply</span></em></strong></span></div>
			</td>
			<td style="background-color:white; border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; vertical-align:top; width:87px">
			<div style="text-align:center"><span style="font-size:22px"><strong><em><span style="color:black">Criteria for determining Time of Supply</span></em></strong></span></div>
			</td>
		</tr>
		<tr>
			<td style="background-color:white; border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top; width:75px">
			<div style="text-align:center"><span style="font-size:22px"><span style="color:black">29<sup>th</sup>&nbsp;August</span></span></div>
			</td>
			<td style="background-color:white; border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top; width:89px">
			<div style="text-align:center"><span style="font-size:22px"><span style="color:black">29<sup>th</sup>&nbsp;August</span></span></div>
			</td>
			<td style="background-color:white; border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top; width:89px">
			<div style="text-align:center"><span style="font-size:22px"><span style="color:black">29<sup>th</sup>&nbsp;August</span></span></div>
			</td>
			<td style="background-color:white; border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top; width:89px">
			<div style="text-align:center"><span style="font-size:22px"><span style="color:black">31<sup>st</sup>&nbsp;August</span></span></div>
			</td>
			<td style="background-color:white; border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top; width:89px">
			<div style="text-align:center"><span style="font-size:22px"><span style="color:black">1<sup>st</sup>&nbsp;September</span></span></div>
			</td>
			<td style="background-color:white; border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top; width:89px">
			<div style="text-align:center"><span style="font-size:22px"><span style="color:black">29<sup>th</sup>&nbsp;August</span></span></div>
			</td>
			<td style="background-color:white; border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top; width:87px">
			<div style="text-align:center"><span style="font-size:22px"><span style="color:black">Date of issue of Invoice</span></span></div>
			</td>
		</tr>
		<tr>
			<td style="background-color:white; border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top; width:75px">
			<div style="text-align:center"><span style="font-size:22px"><span style="color:black">29<sup>th</sup>&nbsp;August</span></span></div>
			</td>
			<td style="background-color:white; border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top; width:89px">
			<div style="text-align:center"><span style="font-size:22px"><span style="color:black">2<sup>nd</sup>&nbsp;September</span></span></div>
			</td>
			<td style="background-color:white; border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top; width:89px">
			<div style="text-align:center"><span style="font-size:22px"><span style="color:black">29<sup>th</sup>&nbsp;August</span></span></div>
			</td>
			<td style="background-color:white; border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top; width:89px">
			<div style="text-align:center"><span style="font-size:22px"><span style="color:black">31<sup>st</sup>&nbsp;August</span></span></div>
			</td>
			<td style="background-color:white; border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top; width:89px">
			<div style="text-align:center"><span style="font-size:22px"><span style="color:black">1<sup>st</sup>&nbsp;September</span></span></div>
			</td>
			<td style="background-color:white; border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top; width:89px">
			<div style="text-align:center"><span style="font-size:22px"><span style="color:black">29<sup>th</sup>&nbsp;August</span></span></div>
			</td>
			<td style="background-color:white; border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top; width:87px">
			<div style="text-align:center"><span style="font-size:22px"><span style="color:black">Last Date for issue of Invoice</span></span></div>
			</td>
		</tr>
		<tr>
			<td style="background-color:white; border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top; width:75px">
			<div style="text-align:center"><span style="font-size:22px"><span style="color:black">29<sup>th</sup>&nbsp;August</span></span></div>
			</td>
			<td style="background-color:white; border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top; width:89px">
			<div style="text-align:center"><span style="font-size:22px"><span style="color:black">29<sup>th</sup>&nbsp;August</span></span></div>
			</td>
			<td style="background-color:white; border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top; width:89px">
			<div style="text-align:center"><span style="font-size:22px"><span style="color:black">29<sup>th</sup>&nbsp;August</span></span></div>
			</td>
			<td style="background-color:white; border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top; width:89px">
			<div style="text-align:center"><span style="font-size:22px"><span style="color:black">28<sup>th</sup>&nbsp;August</span></span></div>
			</td>
			<td style="background-color:white; border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top; width:89px">
			<div style="text-align:center"><span style="font-size:22px"><span style="color:black">30<sup>th</sup>&nbsp;August</span></span></div>
			</td>
			<td style="background-color:white; border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top; width:89px">
			<div style="text-align:center"><span style="font-size:22px"><span style="color:black">28<sup>th</sup>&nbsp;August</span></span></div>
			</td>
			<td style="background-color:white; border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top; width:87px">
			<div style="text-align:center"><span style="font-size:22px"><span style="color:black">Date on which payment entered in books of Account</span></span></div>
			</td>
		</tr>
	</tbody>
</table>