The liability to pay tax on goods shall arise at the time of supply,
as determined in accordance with the provisions of this section.
(2) The time of supply of goods shall be the earlier of the following
dates, namely:-
(a) the date of issue of invoice by the supplier or the last date on
which he is required, under *[……..]section 31, to issue the invoice
with respect to the supply; or
*[deletion of word ‘sub-section (1) of’ by 2019 Amd Act.s6]
(b) the date on which the supplier receives the payment with respect
to the supply:
Provided that where the supplier of taxable goods receives an
amount up to one thousand rupees in excess of the amount indicated
in the tax invoice, the time of supply to the exte nt of such excess
amount shall, at the option of the said supplier, be the date of issue
of invoice in respect of such excess amount.
Explanation 1. - For the purposes of clauses (a) and (b), "supply" shall
be deemed to have been made to the extent it is c overed by the
invoice or, as the case may be, the payment.
Explanation 2. - For the purposes of clause (b), "the date on which
the supplier receives the payment" shall be the date on which the
payment is entered in his books of account or the date on which the
payment is credited to his bank account, whichever is earlier.
(3) In case of supplies in respect of which tax is paid or liable to be
paid on reverse charge basis, the time of supply shall be the earliest
of the following dates, namely:-
(a) the date of the receipt of goods; or
(b) the date of payment as entered in the books of account of the
recipient or the date on which the payment is debited in his bank
account, whichever is earlier; or
(c) the date immediately following thirty days from the date of issue
of invoice or any other document, by whatever name called, in lieu
thereof by the supplier:
Provided that where it is not possible to determine the time of supply
under clause (a) or clause (b) or clause (c), the time of supply shall be
the date of entry in the books of account of the recipient of supply.
(4) In case of supply of vouchers by a supplier, the time of supply shall
be-
(a) the date of issue of voucher, if the supply is identifiable at that
point; or
(b) the date of redemption of voucher, in all other cases.
(5) Where it is not possible to determine the time of supply under the
provisions of sub-section (2) or sub-section (3) or sub-section (4), the
time of supply shall-
(a) in a case where a periodical return has to be filed, be the date on
which such return is to be filed; or
(b) in any other case, be the date on which the tax is paid.
(6) The time of supply to the extent it relates to an addition in the
value of supply by way of interest, late fee or penalty for delayed
payment of any consideration shall be the date on which the supplier
receives such addition in value.
Time of supply of services.-
Section 12 • THE ASSAM GOODS AND SERVICES TAX ACT, 2017
Section 12.(1). 1
assam-goods-and-services-tax-act-2017-sec-12.json
•
Section 12
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"act_title": "THE ASSAM GOODS AND SERVICES TAX ACT, 2017",
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"section": {
"number": "12",
"title": "Section 12.(1). 1",
"chapter": null,
"content": "The liability to pay tax on goods shall arise at the time of supply, \nas determined in accordance with the provisions of this section. \n(2) The time of supply of goods shall be the earlier of the following \ndates, namely:- \n(a) the date of issue of invoice by the supplier or the last date on \nwhich he is required, under *[……..]section 31, to issue the invoice \nwith respect to the supply; or \n*[deletion of word ‘sub-section (1) of’ by 2019 Amd Act.s6] \n(b) the date on which the supplier receives the payment with respect \nto the supply: \nProvided that where the supplier of taxable goods receives an \namount up to one thousand rupees in excess of the amount indicated \nin the tax invoice, the time of supply to the exte nt of such excess \namount shall, at the option of the said supplier, be the date of issue \nof invoice in respect of such excess amount. \nExplanation 1. - For the purposes of clauses (a) and (b), \"supply\" shall \nbe deemed to have been made to the extent it is c overed by the \ninvoice or, as the case may be, the payment. \nExplanation 2. - For the purposes of clause (b), \"the date on which \nthe supplier receives the payment\" shall be the date on which the \npayment is entered in his books of account or the date on which the \npayment is credited to his bank account, whichever is earlier. \n(3) In case of supplies in respect of which tax is paid or liable to be \npaid on reverse charge basis, the time of supply shall be the earliest \nof the following dates, namely:- \n(a) the date of the receipt of goods; or \n(b) the date of payment as entered in the books of account of the \nrecipient or the date on which the payment is debited in his bank \naccount, whichever is earlier; or \n(c) the date immediately following thirty days from the date of issue \nof invoice or any other document, by whatever name called, in lieu \nthereof by the supplier: \nProvided that where it is not possible to determine the time of supply \nunder clause (a) or clause (b) or clause (c), the time of supply shall be \nthe date of entry in the books of account of the recipient of supply. \n(4) In case of supply of vouchers by a supplier, the time of supply shall \nbe- \n(a) the date of issue of voucher, if the supply is identifiable at that \npoint; or \n(b) the date of redemption of voucher, in all other cases. \n(5) Where it is not possible to determine the time of supply under the \nprovisions of sub-section (2) or sub-section (3) or sub-section (4), the \ntime of supply shall- \n(a) in a case where a periodical return has to be filed, be the date on \nwhich such return is to be filed; or \n(b) in any other case, be the date on which the tax is paid. \n(6) The time of supply to the extent it relates to an addition in the \nvalue of supply by way of interest, late fee or penalty for delayed \npayment of any consideration shall be the date on which the supplier \nreceives such addition in value. \nTime of supply of services.-",
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