Index of Relevent Files CGST Section 12

NOTIFICATIONS

Notification No. Subject

Notification No. 66/2017-Central Tax, dt. 15.11.2017 Where a person making supply of goods and not opting for composition levy, the return shall be furnished according to time of supply u/s 12(2) clause (a) i.e. earlier of the issuance of invoice or last date of issuance of invoice and also for the situations covered in section 14 of the act. Thus all taxpayers exempted from payment of tax on advances received in case of supply of goods.

ADVANCE RULING

Particulars

Crux

2018(08)LCX0069(AAR)

Haryana

Pasco Motor LLP

In case of invoices being raised by supplier in previous month and goods being received in the succeeding month, input tax credit on goods so received shall be available to the applicant, only when applicant has received the goods. The liability to pay tax shall arise on the basis of time of supply, which in case of supply of goods is earlier of the following dates-
(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.

Notification No.	Subject
Notification No. 66/2017-Central Tax, dt. 15.11.2017	Where a person making supply of goods and not opting for composition levy, the return shall be furnished according to time of supply u/s 12(2) clause (a) i.e. earlier of the issuance of invoice or last date of issuance of invoice and also for the situations covered in section 14 of the act. Thus all taxpayers exempted from payment of tax on advances received in case of supply of goods.