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SEM VI

INDIRECT TAXES – GOODS AND SERVICES TAX (GST) [Applied Components]

1. Introduction [S.1]
2. Definitions [S.2]
3. Scope of Supply [S.7-8]
4. Levy and Collection of Tax [S.9]
5. Exemption from Tax [S.11]
6. Composition Levy [S.10]
7. Registration Under GST Law [S. 22 -30]
8. Time of Supply [S.12-14]
9. Place of Supply [S.7-13:IGST Act]
10. Value of Supply [S. 15]
11. Payment of Tax [S. 49]
12. Input Tax Credit [S. 16,18]
13. Computation of Liability and Tax

INTRODUCTION TO GST

Definition:

Under Article 366 of the Constitution, Goods and Services Tax (GST) means any tax on supply
of goods, or services or both except taxes on the supply of the alcoholic liquor for human
consumption.

Sr. No. Particulars Direct Tax Indirect Tax

1. Meaning If tax is levied directly on the If tax is levied on the price of goods
income or wealth of a person or or services, then it is called an
corporate, then it is called a direct indirect tax e.g. GST or Custom Duty
tax e.g. Income Tax
2. Impact and Direct Taxes are the taxes in which Indirect taxes are paid by one person
Incidence the incidence and impact falls on (manufacturer / dealer), but the same
the same person / assessee is recovered from another person
(consumer).
3.
Nature of Tax Direct Tax is progressive in nature Indirect Taxes are regressive in
nature
4. Levied on Direct Taxes are imposed on the Imposed on Purchase / Sale /
income / wealth of assessee Manufacture of goods or provision of
services.

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5. Shifting of The burden of direct tax cannot be The burden of indirecttax is shifted to
Burden shifted to another person. It is the subsequent user i.e. (final user)
directly borne by the tax payer.
6. Time of Direct Taxes are collected after the Indirect taxesare collected at the time
Collection income for a year is earned of sale or purchase or rendering of
services.
7. Examples Income tax GST, Custom Duty

The Journey to GST in India

Announcement of GST for the first time was The Constitution (122nd
made by the then Union Finance Minister, Amendment) Bill was
during budget of 2006-07 that it would introduced in the Lok Sabha
introduce from 1 April 2010

2009 2011 2014

2006
First Discussion Paper was The
Constitution (115th Amendment) Constitution
released by the Bill introduced and (One Hundred
Empowered Committee subsequently lapsed Aug and First
2016 Amendment)
April 2017 Sep Act was
May March 2017 2016
2017 enacted

GST Council CGST, IGST, UTGST GST Council 1st GST Council
recommend and Compensation Recommends the Meeting
All States s all the Cess Acts passed CGST, SGST, IGST,
except J&K rules UTGST and • Notifying and
passed 30th June 2017 Compensation Cess amending rules
their SGST Act • Dealing with IT
ACT 1st July 2017 8th July 2017 Journey
Continues… related issues
• Revision of Rates
GST SGST Act passed by J&K; CGST and • Clarification and
Launched IGST Ordinances promulgated to communication
extend GST to J&K with taxpayers

Features of GST:

1. Tax on Consumption:
GST is a tax on consumption of goods and services i.e. tax is borne by the consumer in
the State where goods and / or services are finally consumed.

2. GST is a destination based tax:

GST is a destination based. It means GST is levied where goods / services are
consumed. In destination based tax, zero tax is applicable on exports and imports are
taxed at the same rate as on domestic products. All taxable imports are subjects to
Customs Duty + IGST (Integrated Goods and Services Tax).

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 3. Value Added Tax:
Goods and Services Tax is in the nature of a Value Added Tax i.e. a tax is collected step
by step based on the valued added at each stage of production or distribution. The
businessman pays GST on the price of the product minus the GST previously paid on
goods and services.

4. Tax on Supply:
GST is a tax on supply and not on manufacture or sale. Therefore, stock transfer /
branch transfers / free gifts can be taxed.

SCOPE OF GST:
1. All Goods and Services:
As per Article 366 (2A) of the Constitution, GST is levied on all goods and services, except
alcoholic liquor for human consumption.
2. Alcoholic Liquor for Human Consumption:
Alcoholic liquor for human consumption is outside the charge of GST. The manufacture /
production of alcoholic liquor continue to be subjected to State Excise Duty and Inter-State /
Intra-State sale of the same is subject to CST / VAT respectively.
3. Petroleum Products:
Petroleum crude, diesel, petrol, Aviation Turbine Fuel (ATF) and Natural Gas are not
presently leviable to GST. GST will be levied on these products from a date to be notified
on the recommendations of the GST council. Till such date, Central Excise Duty continues
to be levied on manufacture / production of Petroleum crude, Diesel, Petrol, Aviation
Turbine Fuel (ATF) and Natural Gas and inter-State / Intra State Sale of the same is subject
to CST / VAT respectively.

4. Real Estate Sector:

Real Estate Sector has been kept out of ambit of GST, i.e. GST will not be levied on Sale or
Purchase of immovable property. Transfer of immovable properties is still subject to Stamp
Duty levied by the State Governments.
5. Tobacco:
Tobacco is within the purview of GST, i.e. GST is leviable on Tobacco. However, Union
Government has also retained the power to levy excise duties on tobacco and tobacco
products manufactured in India. Tobacco is subject to GST as well as Central Excise
Duty.

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Products Excluded from GST /Products Outside
GST
Alcohol for
human Power to tax remains
consumption with the State
Five petroleum
GST Council to decide the date from
products – Crude Oil ,
which GST will be applicable
Diesel, Petrol, Natural
Gas and ATF

Part of GST but power to levy

Tobacco additional excise duty with
Central Government

Entertainment tax
Power to tax remains
levied by local
bodies with local bodies 16

Taxes under GST

GST
Intra-State Inter State
Supply Supply

Central State GST /

GST Union Territory
Integrated
(CGST) UTGST GST

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CGST+SGST/UTGST

Intra-State – Within same State - CGST+SGST

Within Union Territory – CGST + UTGST
Inter State - Between two state - IGST

DUAL GST:
India has adopted a Dual GST model which has the following features:
1. CGST/ SGST / UTGST on Intra-State Supply:
CGST on Intra-State Supply is chargeable when the supplier and the recipient are
both located within the country.
SGST is chargeable only when the supplier and the recipient are both located
within the same State.(CGST+SGST)

UTGST is chargeable only when the supplier and the recipient are both located
within the Same Union Territory. (CGST +UTGST)

Intra- State – within StateSGST

eg. Supply of goods from Mumbai to Nasik. (CGST+SGST)
Supply of goods from Thane to Ghatkopar (CGST+SGST)

2. IGST on Inter-State Supply and Imports:

Integrated Goods and Services Tax (IGST) is levied and administered by Centre on
every inter-state supply and import of goods and services.

1. Supply of services from Pune to Gujarat –

2. Supply of services from Baroda to Bhuj –
3. Supply of services from Pune to Nasik -
4. Supply of services from Goa to Tamil Nadu –
5. Supply of Services from MP to Maharashtra -
6. Supply of services from JK to Maharashtra –
7. Supply of goods from Gujarat to Delhi –
8. Supply of goods from Bihar to Chandigarh –

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 CGST+SGST
Supplier and recipients are from same state – CGST+SGST
Supplier and recipient are from UT- CGST+UTGST

India is a federal country where both the Centre and the States have the power to levy and
collect taxes in order to raise resources to perform their responsibilities.

GST Laws:
The Law Purpose
The Central Goods and Services Tax, 2017 To levy, collect CGST on intra state / UT
(CGST Act) supplies
The State Goods and Services Tax, 2017 To levy, collect SGST on intra state
(SGST Act) supplies
The Union Territory Goods and Services To levy, collect UTGST on intra UT
Tax, 2017 (UTGST Act) Supplies
The Integrated Goods and Services Tax, To levy, collect IGST on inter-state
2017 (IGST Act) supplies
GST (Compensation to States) Tax, 2017 To compensate states for the loss of
revenue, if any, due to introduction of GST

Applicability of CGST Act/ SGST Act / UTGST Act / IGST Act

Intra-State Supply Inter State
Supply
CGST SGST UTGST IGST
States of India   
Union Territories with   
State Legislature
Union Territories   
without State
Legislature

State Goods and Services Tax (SGST)

29 States and 2 Union Territories with their own legislature (Delhi and Puducherry) have
their own GST legislation for levying SGST. Thus, there are in all 31 SGST Acts.

Union Territory Goods and Services Tax (UTGST)

In the Union Territories, there will be UTGST, instead of SGST. 5 Union Territories
without State legislature (Andman and Nicobar Islands, Lakshadweep, Dadra and Nagar

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Haveli, Daman and Diu and Chandigarh) are governed by UTGST Act, 2017 for levying
UTGST.

Imports: IGST will be levied on import of Goods and / or Services. Therefore, Import
will be attracting Basic Custom Duty plus IGST.

Exports: Exports are zero-rated i.e. Nil rate of tax.

Central Taxes
Subsumed Not Subsumed
1. Central Excise duty
2. Duties of Excise (Medicinal and Toilet • Customs Duty
Preparations)
3. Additional Duties of Excise (Goods of
Special Importance)
4. Additional Duties of Excise (Textiles and
Textile Products)
5. Additional Duties of Customs (commonly
known as CVD)
6. Special Additional Duty of Customs (SAD)
7. Service Tax
8. Central Surcharges and Cesses so far as
they relate to supply of goods and services

State Taxes
Subsumed Not Subsum ed
1. State VAT (MVAT)
• S tate Excise
2. Central Sales Tax
D uty
3. Luxury Tax
• S tamp Duty
4. Entry Tax (all forms)
5. Entertainment an d Amusement Tax • P rofession Tax
(except when levied by the local bodies) • Electricity D uty
6. Taxes on advertisements g. Purchase Tax • S ales Tax on
7. Taxes on lotteries, betting and gambling F ive Petroleum
8. State Surcharges an d Cesses so far as P roducts
they relate to su pply of goods7 and
services .
Fill in the blanks:
1. GST is a -------------------- based tax.
2. CGST is applicable to ----------------------- (Intra-state / Inter-State supply)
3. Import will be attract Basic Custom Duty ----------- (plus / or ) IGST.
4. GST was introduced in India on ----------
5. Which of the following tax is not subsumed in GST?
a. VAT
b. Stamp Duty
c. Entry Tax
d. Entertainment Tax
6. GST is a national level tax based on ----------
a. First Point Tax Principle
b. Value Added Principle
c. Last Point Principle
d. All of the above

7. Goods and Services tax is a tax levied on goods and services imposed at each point of
------------
a. Sale
b. Services
c. Supply
d. Manufacturing

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Definitions

Goods [S. 2(52)]

According to S. 2(52) “goods” means every kind of movable property other than money and
securities but includes actionable claim, growing crops, grass and things attached to or forming
part of the land which are agreed to be served before supply or under a contract of supply.

Goods

Means

Every kind of movable Excludes Money and Securities

Property

Includes

- Actionable claim
- Growing Crops
- Grass and things
forming part of land
agreed to be served
before supply or under
a contract of supply

Movable Goods

 Goods include all movable property.

 It means immovable properties are not goods.
 But, intangible property can be ‘goods’. Thus, Master copies of film songs and music,
Technical drawings, Films and TV Programmes on disk, Copy rights, Trade Mark,
Carbon Credit Certificates, Duty Credit Scrips, DEPB (Duty Entitlement Passbook
Scheme) Licenses are goods.

Excluding Money:

Money means the Indian legal tender or any foreign currency, cheque, promissory note, bill of
exchange, letter of credit, demand draft, pay order, traveler cheque, money order, postal or
electronic remittance or any other instrument recognized by the Reserve Bank of India when
used as a consideration to settle an obligation or exchange with Indian legal tender of another
denomination

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Excluding Securities:

Securities are specifically excluded from the definition of both Goods and Services. Hence,
supply of securities is not subject to GST. Securities include Shares, Debentures, Units of
Mutual Funds, Government Securities or rights in securities.

Including Actionable Claims:

 Definition of goods specifically includes ‘actionable claim’.

 Actionable claim means a claim for any amount receivable (debt) or claim for benefit of
any movable property not in possession for which relief can be claimed in Civil Court.
 Actionable claims, other than lottery, betting and gambling, are neither a supply of goods
nor a supply of services – Schedule III of CGST Act read with section 7(2) of CGST act.
 Therefore, only activities relating to lottery, betting and gambling will be subject to GST.

1. Money is --------------
a. specifically included in the definition of goods
b. specifically included in the definition of services
c. Specifically excluded from the definition of goods as well as services
d. None of the above

2. Actionable claims are -----------

a. specifically included in the definition of goods
b. specifically included in the definition of services
c. Specifically excluded from the definition of goods as well as services
d. Specifically excluded from the definition of goods only

3. ------------------ is not included in the term “Goods” under GST Law.

a. Movable property
b. Actionable Claim
c. Securities
d. Growing Crops

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Services [S.2(102)]

According to S.2(102), “services” means anything other than goods, money and securities but
includes activities relating to the use of money or its conversion by cash or by any other mode,
from one form, currency or denomination, to another form, currency or denomination for which
a separate consideration is charged.

Identify whether the following are goods or not as per GST Act, 2017.

Is Goods Or Not Reason

1. Trade Marks
2. Letter of credit
3. Money
4. Preference Shares of TATA Ltd.
5. Units of Mutual Fund
6. Betting and gambling

Identify whether following are services or not and give reason

Sr. No. Transaction Services Reason

Yes or No
1. Deposit of money into Bank A/c
2. Withdrawal from Bank A/c
3. Loan Processing fees
4. Commission for exchange of
spoiled notes
5. Conversion of rupees into coins

Taxable supply [S.2 (108)]

According to S.2 (108) “taxable supply” means a supply of goods or services or both which is
leviable to tax under this Act.

Non-Taxable Supply (S. 2(78)

According to S.2(78), “non-taxable supply” means a supply of goods or services or both which is
not leviable to tax under this Act or under the Integrated Goods and Services Tax Act.

Non-taxable supply is supply of alcoholic liquor for human consumption and petroleum products
are not subject to GST.

Reverse Charge [S.2(98)]

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According to S.2(98), “reverse charge” means the liability to pay tax by the recipient of supply
of goods or services or both instead of the supplier of such goods or services or both.

Electronic Commerce Operator S. 2(45)]

According to S.2(45), “Electronic Commerce operator” means any person who owns, operates or
manages digital or electronic facility or platform for electronic commerce.

In other words, Electronic Commerce Operator includes every person who directly or indirectly,
owns, operates or manages a digital / electronic facility or platform for supply of goods or
services or both.

While an aggregator (Uber,Ola, Zomato, Swiggyetc) only connects the customer with the
supplier / services provider, an e-commerce operator (Amazon, Flipkart) facilitates the entire
process of the supply of goods / provision of services. Under the GST law, even aggregators
would be covered under the definition o “Electronic Commerce Operator”.

Compulsory Registration for Electronic Commerce Operator:

It may be noted that the threshold limits for registration would not apply and he would be
required to obtain registration irrespective of his turnover.

CHAPTER 3: SCOPE OF SUPPLY (S.7-8)

SUPPLY OF NEITHER GOODS NOR SERVICES [S.7(2) (a) / SCH. III]

Following activities or transactions shall be treated neither as a supply of goods nor a

supply of services.

1. Services by an employee to the employer in the course of or in relation to his

employment.
2. Services by any court or Tribunal established under any law or the time being in
force.
3. a. the functions performed by the Members of Parliament, Members of State
Legislature, Members of Panchayats, Members of Municipalities and
Members of other local authorities.
b. the duties performed by any person who holds any post in pursuance of the
provisions of the Constitution in that capacity; or
c. the duties performed by any person as a Chairperson or a Member or a
Director in a body established by the Central Government or a State
Government or local authority and who is not deemed as an employee before
the commencement of this clause

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 4. Services of funeral, burial, crematorium or mortuary including transportation of the
deceased.
5. Sale of land and sale of building
6. Actionable claims, other than lottery, betting and gambling
7. Supply of goods from a place in the non-taxable territory to another place in the non-
taxable territory without such goods entering into India
8. a. Supply of warehoused goods to any person before clearance for home
consumption;
b. Supply of goods by the consignee to any other person, by endorsement of
documents of title to the goods, after the goods have been dispatched from the
port of origin located outside India but before clearance for home
consumption.
**the term court includes District, High Court and Supreme Court.

Explanation:

1. Court fees: Fees by a District / High / Supreme Court are not ‘supply’. GST is not
leviable on fee charged by Consumer Disputes Redressal Commission.
2. Services by MP, MLA etc.: Service does not cover functions or duties performed by
Members of Parliament, State Legislatures, Panchayat, Municipalities or any other local
authority.
3. Constitutional Posts: Service does not cover functions or duties performed by any
person who holds any post in pursuance of the provisions of the Constitution e.g. Central
Vigilance Commission, Competition Commission of India, Khadi and Village Industries
Commission, National Commission for Women, National Human Rights Commission,
National Knowledge Commission, Planning Commission, Staff Selection Commission,
Union Public Service Commission (UPSC).

4. Chairman / Director / Member of Govt. Bodies: Service does not cover functions or
duties performed by any person as a Chairperson or a Member or a Director in a body
established by the Central or State Governments or local authority and who is not deemed
as an employee. Some of the bodies set up by the Maharashtra Government are MIDC,
MSEB, MSRDC, MTDC, MMRDA etc.

5. Actionable Claims, and other than lottery, betting gambling:

 Actionable claims are neither a supply of goods nor a supply of services.
 However, lottery is subject to tax as goods, and betting and gambling are subjected
to tax as services.

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Chapter 4: Levy and Collection of Tax

1. Rates as notified by Government. Maximum rate of CGSTwill be 20%

2. IGST rate = CGST Rate + SGST RATE (CGST Rate + UTGST Rate). Maximum rate of
IGST will be 40%

Liability to Pay GST

1. Forward Charge -------- Taxable Person making Supply

2. Reverse Charge --------- Recipient of Supply
3. E-Commerce – Electronic Commerce Operator

Classification of goods:

The GST rates on Goods have been notified on the basis of Customs Tariff Act, which in turn is
based on HSN (Harmonized System of Nonmenclature) developed by the World Customs
Organization.

5 Petroleum Products:

1. Petroleum Crude
2. High Speed Diesel
3. Motor Spirit (Commonly known as Petrol)
4. Natural Gas
5. Aviation Turbine Fuel (ATF)

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Non Taxable Services

1. Renting of vacant land for animal husbandry or floriculture

2. Rooms in a hotel or a lodge are let out whether or not for temporary stay. (For a declared
tariff of less than Rs. 1000 per day)

3. Houses are let out to individuals for residential purpose

4. Interest on loan

5. A building which was let out to school providing pre-school education

6. Basic Bail Services

7. Transfer of Money through Money orders

8. Operation of Saving Accounts

9. Supply of Farm Labour

10. Charge for Seed Testing

11. Charges for warehousing of Agricultural Produce

12. Commission received on sale of Agriculture Produce

13. Renting / Leasing of vacant land to a cattle farm

14. Sale of Agriculture Produce on behalf of Agriculturist for Commission

15. Cosmetic Surgery of patients on account of injury suffered during accidents

16. Toll receipts from Mumbai – Pune Highway

17. Services by way of conduct of religious ceremony as pandit

18. Job work of Agriculture

19. Carry out Operation of shelling of Paddy on Job Work basis

20. Charges for manufacture of goods which is liable to nil rate of duty

21. Professional advice to his friend free of charge

22. Services by RBI

23. Services by a foreign diplomatic mission located in India

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 24. Services by an organizer to any person in respect of a business exhibition held outside
India

25. Services by way of slaughtering of animals

26. Services by a veterinary clinic in relation to health care for animals or birds

27. Services by way of collection of contribution under the Atal Pension Yojana

28. Services by an artist by way of a performance in folk or classical art forms of Music,
Dance theater (Upto Rs. 1,50,000)

29. Services provided by the cord blood banks by way of preservation of stem cells or any
other service in relation to such preservation

30. Transmission or distribution of electricity by an electricity transmission or

distribution utility

31. Services by way of admission to a museum, national park, wildlife sanctuary, tiger
reserve or zoo

Taxable Services

1. Placement Services

2. Coaching to students for IIT, IIM exams

3. Royalty from authorship of books

4. Speed Post Services

5. Express Parcel Post Services

6. Cosmetic Surgery to improve looks

7. A building let out to office purpose

8. Renting of vacant land for rearing of horses

9. Charges for preparation of Advertisement

10. Debit / Credit / Demand Draft related charges

11. Commission from acting as Clearing and Forwarding Agent

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SCOPE OF SUPPY
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 CHAPTER 5

COMPOSITION LEVY [S.10]

TURNOVER LIMIT AND TAX RATES FOR COMPOSITION LEVY [S.10(1)]

S.10(1) states that the eligible person may opt to pay, in the place of the CGST payable by him,
an amount calculated at the prescribed rate. This is known as the Composition Levy. The
Composition Levy scheme is a very simple, hassle free compliance scheme for small taxpayers.
It is a voluntary and optional scheme. A taxpayer registered under Composition Levy Scheme
has to pay an amount equal to certain fixed percentage of his annual turnover as tax to the
government. This tax has to be paid on quarterly basis. Such taxpayer does not have to maintain
elaborate accounts and records. He has to file a simple quarterly return. However, after opting
for Composition Scheme, he (taxpayer) cannot issue taxable invoice under GST law and
can neither collect GST from his customer nor can claim Input Tax Credit on his
purchases.

Turnover Limits / Threshold Limit for Composition Scheme:

A registered person having an ‘aggregate turnover’ as defined under section 2(6) of the Act not
exceeding the prescribed limit in the preceding financial year will be eligible to opt for payment
of tax under the composition scheme.

Aggregate Turnover:

Meaning: The term aggregate turnover means the aggregate value of all taxable supplies
(excluding the value of inward supplies on which tax is payable by a person on reverse
charge basis), exempt supplies, exports of goods or services or both and inter-state supplies of
persons having the same Permanent Account Number, to be computed on all India basis but
excludes Central Tax, State Tax, Union Territory Tax, Integrated tax and Cess.

Aggregate Turnover includes Aggregate Turnover excludes

Taxable Supplies Inward supplies under Reverse Charge
Mechanism
Exempt Supplies: Taxes:
 Supply with nil rate of tax  Central Tax (CGST)
 Supply wholly exempt from tax  State Tax (SGST)
 Non-Taxable supply  Union Territory Tax (UTGST)
 Integrated Tax (IGST)
 Compensation Cess (CC)
Exports of Goods and / or Services
Inter-State supplies between distinct persons
having same PAN
(Inward supplies on which the recipient is required to pay tax under Reverse Charge Mechanism
(RCM). Hence these are excluded from the definition of Aggregate Turnover.
PAN Wise: The turnover will be computed PAN wise.

TURNOVER LIMIT / THRESHOLD LIMIT FOR COMPOSITION SCHEME:

a. Special Category States (SCS):

The prescribed threshold limit is Rs.75 lacs in case of Special Category States (SCS)
being Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura
and Uttarakhand.

b. Rest of India:
The prescribed threshold limit for other states including Assam, Himachal Pradesh, and
Jammu & Kashmir is Rs.1.5 crore.

Note: The aggregate turnover of the registered person should not exceed the said prescribed
limit during the financial year in which scheme has been availed.

TAX RATES

The rate of tax prescribed in this regard vide Rule of CGST rules is as under:

Sr. No. Category of registered Central GST State / UT GST Total

Persons
1. Manufactures 0.5% 0.5% 1%
2. Restaurant Services and 2.5% 2.5% 5%
outdoor catering services
3. Any other eligible supplier 0.50% 0.50% 1%
(trader)
4. Supplier of only services of 3% 3% 6%
Mixed Supplier (Goods and
Services)
Chapter 6: Registration Under GST Law [S. 22 -30]

Supplier to register when turnover exceeds specified limit (Rs. 20 / 10 Lakhs)

1. Every supplier of goods or services or both is required to obtain registration compulsory.

2. In the state or the Union Territory from where he make the taxable supply.
3. If his aggregate turnover exceeds Rs.20 lakhs in F.Y.
4. However, the limit will be reduced to Rs.10 lakhs if the person is making taxable
supplies from 4 special category states viz. Manipur, Mizoram, Nagaland or Tripura.

It should be noted that:

a) Sates of Assam, Arunachal Pradesh, Himachal Pradesh, Uttarakand, Sikkim, Meghalaya

and Jammu and Kashmir for this purpose are not special category states (the limit is
Rs.20 lakhs and not Rs.10 lakhs)
b) If a person makes even a single taxable supply from a branch in any of the 4 special
category states, the threshold limit is reduced to Rs.10 lakhs from Rs.20 Lakhs though he
may have branches in all other states in India.

Aggregate Turnover:

Section 2(6) of the CGST Act states that Aggregate turnover means the aggregate value of all
taxable supplies (excluding the value of inward supplies on which tax is payable by a person on
reverse charge basis), exempt supplies, exports of goods or services or both and inter-State
supplies of persons having the same Permanent Account Number, to be computed on all India
basis but excludes central tax, State Tax, Union Territory Tax, Integrated Tax and Cess.

Aggregate Turnover covers all the supplies effected by a person having the same PAN.
Compulsory Registration under GST in Certain Cases [S.24]:

The following categories of persons shall be required to be registered under CGST Act, 2017.

1. Persons making any inter-state taxable supply

2. Casual Taxable persons making taxable supply
3. Persons who are required to pay tax under reverse charge
4. Person who are required to pay tax under sub-section (5) of section 9
5. Non-resident taxable persons making taxable supply
6. Persons who are required to deduct tax under section 51, whether or not
separately registered under this Act
7. Persons who make taxable supply of goods or services or both on behalf of other
taxable persons whether as an agent or otherwise
8. Input Service Distributer, whether or not separately registered under this Act
9. Person who supply goods or services or both other supplies specified under sub-
section (5) of section 9, through such electronic commerce operator who is
required to collect tax at source under section 52
10. Every electronic commerce operator, who is required to collect tax at source
under section 52
11. Every person supplying online information and data base access or retrieval
services from place outside India to a person in India, other than a registered
person; and
12. Such other person or class of persons as may be notified by the Government on
the recommendations of the council

1. Persons making any inter-state taxable supply: If a person makes even a single inter-
state taxable supply of goods, he will be liable to obtain registration and pay GST.

2. Casual Taxable persons making taxable supply:

Casual Taxable person means a person who occasionally undertakes transactions
involving supply of goods or services or both in the course or furtherance of business,
whether as principal, agent or in any other capacity, in a State or a Union Territory where
he has no fixed place of business. A casual taxable person making taxable supply in
India has to compulsorily take registration. There is no threshold limit for registration.
A casual taxable person cannot exercise the option to pay tax under composition levy.

Procedure for Registration:

Casual taxable persons are required to obtain GST registration under a special category at
least 5 days prior to the undertaking business. There is no special form to register as a
casual taxable person. The normal FORM GST REG-01 which is used by other taxable
persons can be used for obtaining registration by casual taxable person also.
 Validity of Registration Certificate:
The certificate of registration shall be valid for the period specified in the application for
registration or Ninety days from the effective date of registration, whichever is earlier.
The causal taxable person can make taxable supplies only after the issuance of the
certificate of registration.

3. Person who are required to pay tax under sub-section (5) of section 9:
Persons who are required to deduct tax u/s 51 (Electronic Commerce Operators) must
obtain registration.
a. Agents [S.24(vii)]: Clearing and Forwarding (C&F) Agent receives the goods on
behalf of the principal. Subsequently he supplies goods to the customer as an agent of
the principal. He maintains the stock and reports to the principal. Such an agent shall
be liable to obtain the registration compulsorily irrespective of the aggregate turnover
of such agent.

b. Input Service Distributor [ISD] [S.24(viii)]:

As per section 2 (61) of the CGST Act, 2017, Input Service Distributor (ISD) means
an office of the supplier of goods or services or both which receives tax invoices
issued under section 31 of the CGST Act, 2017 towards receipt of input services and
issues a prescribed document for the purposes of distributing the credit of central tax
(CGST), State tax (SGST) / Union Territory Tax (UTGST) or Integrated Tax (IGST)
paid on the said services to a supplier of taxable goods or services or both having
same PAN as that of the ISD.

c. E-commerce Operator: As per section 24(x) of the CGST Act, 2017 the benefit of
threshold exemption is not available to e-commerce operators (ECO) required to
collect tax at source under section52; and they are liable to be registered irrespective
of the value of supply made by them.

4. Non-resident taxable persons making taxable supply: Non-resident taxable person

means any person who occasionally undertakes transactions involving supply of goods or
services or both, whether as principal or agent or in any other capacity, but who has no
fixed place of business or residence in India [S.2(77)].A non-resident taxable person
cannot exercise the option to pay tax under composition levy. A non-resident taxable
 person making taxable supply in India has to compulsorily take registration. There is no
threshold limit for registration.The certificate of registration shall be valid for the
period specified in the application for registration or Ninety days from the effective date
of registration, whichever is earlier.

Procedure for Certificate of Registration [Rule 10]:

Certificate of registration shall be granted in Form GST REG-06. Certification of registration

contains Goods and Services Tax Identification Number (GSTIN). Each taxpayer is assigned a
state-wise PAN Based 15 digit Goods and Services Tax Number (GSTIN) having the following
structure.

- Two characters for the State Code

- Ten characters for the PAN
- Two character for the entity code
- One checksum character

This is depicted below

COMPOSITION LEVY
REGISTRATION UNDER GST LAW
INPUT TAX CREDIT
 Question 4
Created @January 18, 2022 7:25 AM

Tags

i. Calculation of Tax Liability (On Sales or Services Provided)

Particulars Calculation IGST Rs. CGST Rs. SGST Rs.

Sold goods @12% GST to Deepak in Bihar 11,00,000x12% 1,32,000 - -

Sold goods @18% GST to Sameer in Rajasthan 16,00,000x18% 2,88,000 - -

Provided services @18% GST to Amisha in West Bengal 10,00,000x18% 1,80,000 - -
Provided services @12% GST to Asha in Bangalore 14,00,000x12% - 84,000 84,000

Total (I) 6,00,000 84,000 84,000

ii. Calculation of Input Tax Credit Available (On Purchases or Inward services or services availed)

Particulars Calculation IGST Rs. CGST Rs. SGST Rs.

Purchased Goods @5% GST from Maharashtra 7,00,000x5% 35,000 - -

Purchased Goods @28% GST from Karnataka 5,00,000x28% - 70,000 70,000

Availed Services @18% GST from Assam 2,00,000x18% 36,000 - -
Availed Services @5% GST from Gujarat 1,00,000x5% 5,000 - -
Total (II) 76,000 70,000 70,000

iii. Calculation of Net Tax Liability (I-II)

Particulars IGST Rs. CGST Rs. SGST Rs.

Tax Payable (I) 6,00,000 84,000 84,000

Less: Opening Balance of Electronic Credit Ledger (1,20,000) (1,00,000) (4,000)
Less: Input Tax Credit Available (76,000) (70,000) (70,000)
Excess Credit Available 4,04,000 (86,000) 10,000

iv. Adjustment Of Excess Credit Available in IGST/CGST/SGST

Particulars IGST Rs. CGST Rs. SGST Rs.

Net Tax Payable / (Excess Credit Availabe) 4,04,000 (86,000) 10,000
CGST adjust against IGST (86,000) 86,000
Net Tax Payable 3,18,000 Nil 10,000

Question 4 1
 Question 5
Created @January 18, 2022 7:33 AM

Tags

i. Calculation of Tax Liability (On Sales or Services Provided)

Particulars Calculation IGST Rs. CGST Rs. SGST Rs.

Sold goods @28% GST to Jagruti in Lucknow, UP 10,00,000x28% - 1,40,000 1,40,000
Sold goods @18% GST to Hardik in Punjab 9,70,000x18% 1,74,600 - -

Provided services @5% GST to Akash in Bangalore, Karnataka 4,25,000x5% 21,250 - -

Provided services @12% GST to Anand in Kolkata, West Bengal 8,75,000x12% 1,05,000 - -
Total (I) 3,00,850 1,40,000 1,40,000

ii. Calculation of Input Tax Credit Available (On Purchases or Inward services or services availed)

Particulars Calculation IGST Rs. CGST Rs. SGST Rs.

Inward Supplies @5% GST from Kanpur, UP 7,80,000x5% - 19,500 19,500

Inward Supplies @18% GST from Hyderabad, Telangana 50,000x18% 9,000 - -
Availed Services @12% GST from Mysore, Karnataka 85,000x12% 10,200 - -
Inward Supplies @28% GST from Agra, UP 6,70,000x28% - 93,800 93,800
Total (II) 19,200 1,13,300 1,13,300

iii. Calculation of Net Tax Liability (I-II)

Particulars IGST Rs. CGST Rs. SGST Rs.

Tax Payable (I) 3,00,850 1,40,000 1,40,000

Less: Opening Balance of Electronic Credit Ledger (2,00,000) (90,000) (50,000)

Less: Input Tax Credit Available (19,200) (1,13,300) (1,13,300)

Net Tax Payable (Excess Credit Available) 81,650 (63,300) (23,300)

iv. Adjustment Of Excess Credit Available in IGST/CGST/SGST

Particulars IGST Rs. CGST Rs. SGST Rs.

Net Tax Payable / (Excess Credit Available) 81,650 (63,300) (23,300)

Question 5 1
 CGST adjust against IGST (63,300) 63,300
18,350 Nil (23,300)
SGST adjusted against IGST (18,350) Nil 18,350
Excess Credit Available Carried forward to Next month Nil Nil (4950)

Question 5 2
PAYMENT OF GST
PLACE OF SUPPLY
 40 Date
Page

Ylaco o Supoly
Sply of goads oithin ndia (s.10)

Seckion ia flaco f supoly sgend athorhan supygoacs ingoded

iata e1oted D 4ralia
Subsection Pawifculaxa
thphcu Suly gaeda, athen. hao s gods
ngosted inta Os xpoxted horn ndiasallbe as ndey
ahasehe Saphly involue mneicnts goadh,shat
t h e Supplir ON hereceipet01
eon, he plao oSuply oSuch goodsshall bo the
lecatien ho geodsat
ath tin at ohich the
rouoment goods dorninat tax_delisey do he seciied,
bLehwve goods as delitasead y he supplien o a recipia
amy otho poMbo on ho direckion ed thodpodon Ana
ohetheyacting aA m agnt 0othesuaobolaso y dus
mautsendt
good, either bwo
byuy anyo dauned
e4PHe h e goods OM ohesutäe shall bodurad thet
te Saldhid haxlan h xeCehund ha goods and pht
Suy Such goods shall he o aintipalat
busi na Suchfodon
Cthata ho_Sy doe tnt
ohothot by hoSfiex_asfnvolue mouemtnt ol goo
ho xecipiont h la
o Spyhall helocalibn tha Sch goods at *
mo olelito tn ha e ciplat
d hesQ tho goods a Smded c Fstalled d site, AL
ploce &ply shall_be_plaxa o Such inutalladn ox
A3ably
 Date
Paye

e whee he odaAHSuphlad cnboasuda conui

Roludina a @eladoaexqtafain oa_uca
htlethe placs Suplyshall tha locadibn_at
take on hoasc
Such qoodk dN

inwalvin LMmblySniealafon d staLse

ha9oods ag assmblada installed at St he

*uhas
Spplyshall be_ he place Such fastodlatian or
ace
aAsonabks

dkon m Vfuk
M Rohan Lmumbal) Puschasesamchint
chenmi, Tamiinndue
ble Delhi) h be instolled n hådacdasyat
Eid plato Sulu-

Aas:Tho plata Suply i chennafTamlNadu the sttt at shth he

mading fs fnsdaled)
ernersnaorasie

1MoRelinea (mknhal amashba a lortat ta 8

Hd- [RanchiThankha naskmlea hedehaut plac
n a kulch Gujaxat inoscit dind lac sp
hoplacoplaca Supply B kukh, jorat
eoda SuplodOn beasd

la Suhhly goeds uprliod so a hono a_onsyatit

au banalcn_st baBCI-
locabbnshere Such
 42 Drate
Page.

M damal (ale.s Lelh a uanday boad a Neselh:

keta tuai at NeusOelhiHe Sella *ha oods
no boasd b him CatAle clalh at jaip dnt
Nhe joustyPYad Yhe phe Supply

Aa ace S Dolhi and lat

Na hoa
ho ha Sald haJocds
N Nikhal puchasCcnllee ond Saacksn boad
i jot mumn NCu Oelhiliaht han hahe ainot
ing CNCTjdaat. he fpod Hos woa loodd id
hoacot a Mumbai. ind Yhe glactSpfly

The plac oSuply B umbai

SMadasdi anasogstoxedx, Ne Oolhe) i aualin

on eu elhi to ka-put toL rodesh b a hgin h
kalo starls a alGsOclh_and steps at Yhxe siaHora
bdaoCachig Hao.c he bod em) eslcaded Tda
th haloadigauh (utay acdesh)-Second sialioo
iAasdf huua olineta hoasd hetnio ind h
plato Supfy
h he placo o s àdlh ah.Lha Bndesh he lnonbn
aohichmi hd hoauds he_ biain haelevat
he
 Date
Page

Pace Supply o impra lEpra nocs [s.j

Hngadogoads
dcasucliopto salto),mpat goods ath
igmmatial yaNiatdna and Ccqnode expusaions, mem
hing god uinto Sadio4uo a hhusudsida_kndia
ho olaca Supply ae0ds Jaapn.sedd id dndin shall
beha localion ol ha impostey. s- (a)]

th 4.30mnatcal asahi
mecnataking qoods Gut Soda tendCognadeehpion
a httsubideSedin.
he laca o Sugly qgoads cxhased on dedin shal beh
ocaion udside Soclia.

mA Rekha les elki)_ eafont Spietts e des aelbi

london UR

ghastPlate Suppls ladea, uk

mu Soml finhosds elechic keltios hon
chim dos he
kitchentaxe To Nofdo ttast RoradehFind
suply plate

Dhrarhelace Suphly b eda, hat eadah

vni
 44 Date
Page

Seuwicesolireetlaia 1elation ta innovableDQOd

asanmeuable sapandy
Theplhce Sufly Seica direetly
nelaon ta enaable feuty shall be h neatên
at ashh mmavable opee s located.
hla Imakwiaga kuncdina
Yhe glaesup?lyn ca
bautontionclub a s
ladging uncdiona h e latt Supol shak
sIodieg hotels
matuinge
h Locadion atushich immavabl pxogesdy_ lorated

Mehta Bldes (munhal) iOondruchinga aties

building O ABCALtd kelkata jnNes Delhe)-Lind
platce Supply

he plat Suppls Ne elhi.

9104 Ramsh a chaatered Accondant,(Nos Nlh) haielh

mumbai 2 stayo hotel hee ind heglan
Spll

place Suply à Mumba

n a r t . a
 Date.
Pae

Sevices ResiauMant Catexinq nalqcLoin

tne beauty staat tradhealih_Seuia indading
Cosne titaodpladSugsy holat spply-
aulbe helocalton shure¥heseLexuA ackugly
hesyas
MMAay a busineskman hngdna in assiaukn
aamumha hle n_abusinus ip ind ha_plo_

h heplace Saply MLLnba

ohnTohn a 0akaup Áxtiat _akolkata go fo Jaipan

Rajaathan Jas doinghenakeup che d khctoa
ka om MUmba

The late Supply TausRajaathaa

Adminshalon t o u t musement lasxhk

the place Supply SeHvices Ptanidedby tho u
Aelasaelento Atid, culkaxal s/aies Sciendific and
tducadonallestexdainment oucnlsa dmademod faick he plhe_aSupy
tollbethe ucn s delualSnhednst ho_whexe he
Paxklocafed

han CeaRdonds Gojiyahod tat sadeshbays

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we

AysCus Comßanybala Ne.elhi. fiad Sh R-

S
-do hsplaco SpLA usuugaan,lakay atd
 Date
Page

an
M Sanket o los elhi buys a cket h placeo
axkfa Nelda utta radash ind h sg

n he pla s Supply Joida utay Ladah

Place SpplyhuTelo omdueniceution Sexuies

kodne Past aid xonid Peofaid sold tht

indexnot

locationohava he lling Iocation ohee lling

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line fs nstalled
fs sold

Nisn Nisa kolkcda)gek a lhnclline ghone fnstalled a

his home om BN Hd. find h e place Sppl
Ans the lace Supply iskolkata-

mchandu (Puna)suachoxe_epaid Cad on h

sellagAgent nmamba

tha pla.0ofSpply s Mumba'

 44
Drate
Page

Snura (o SevicoA

The lac
he Suyly nsçance sevicasi ha (ocatnn
oSC0ipient Lshen psouidadn a sPsicsid
secopient

Such sexulce aN su0u dadt a harsonnihia

han
m astexerDAoOhe plate o Sapply is ocadion
Yhecoplent SOuPasA fo hoS CDcls sSpy
SeL 0A

ho placo Suply o insuxanco seuits to a segfsioyer

ponson shall be Location 9 gccHOiend

m fuek, CEo AGC dd Mmbai, a_omnamegisteed

fo mahdxashha buy nsuxcm._teutH o h hultay
9tne inCom/any'syacdn.sy located atMumbai,
HOFC nsusancechennai 1eafsieed in
TamilNaduu Fird the la(eeSupfly
DA The glate Soply umba ma hrueshha-
Ylaa Spply shan Sppley dy Oent s he
Scufa Sndlia

Sec 13.(0)Stade, hat theploc

Seuces heac he tocatfan Supply cs
sSpfly Sesntes
theocatien s h heecepient s AOSexMi.ces
edsfele 4rodfa
 43
Date
Page

APnash,halh stylist xegsteved in Neu&Aelhihavelh

pxoviclohù senvice to
SingapatsMovicle Mu. TOm
CswiseiasSidont osingalata
fnd tho place ofSoly
The placo of Sy i SingaPoe
 TIME OF SUPPLY
S.12(1) states that the liability to pay tax on goods shall arise at the time of supply, as determined
in accordance with the provisions of this section. Section 13(1) makes similar provisions regarding
tax on services. In order to calculate and discharge tax liability it is important to know the date
when the tax liability arises i.e. the date on which the chagrining event has occurred. In GST law,
it is known as Time of Supply (TOS). TOS determines the rate of tax. TOS also determines the
due date of payment of tax. Thus, TOS determines when tax is to be levied, at what rate and
when it should be paid.
1. Time of Supply in case of Continuous Supply of Goods:
In case of continuous supply of goods, the TOS will be earlier of the following:
a) Date of Invoice OR
b) Date of Statement of Accounts OR
c) Date of Payment
1. From following transactions related to Continuous Supply of Goods, find out the
time of supply for each of the case.
Sr. Date of Date of Statements Date of Receipt
No. Invoice of Accounts of Payment
1. 30-11-2021 05-12-2021 11-12-2021
2. 05-11-2021 08-11-2021 04-11-2021
3. 20-12-2021 19-12-2021 22-12-2021
4. 25-02-2022 22-02-2022 27-02-2022
5. 22-01-2022 19-01-2022 15-01-2022
6. 10-12-2021 15-12-2021 11-12-2021
Ans.
No. Date of Invoice Date of Date of Receipt Time of Supply
(A) Statements of of Payment (C) is Earlier of A,
Accounts (B) B&C
1. 30-11-2021 05-12-2021 11-12-2021
2. 05-11-2021 08-11-2021 04-11-2021
3. 20-12-2021 19-12-2021 22-12-2021
4. 25-2-2022 22-02-2022 27-02-2022
5. 22-01-2022 19-01-2022 15-01-2022
6. 10-12-2021 15-12-2021 11-12-2021
2. From following transactions related to Continuous Supply of Goods, find out the
time of supply for each of the case.
Sr. Date of Invoice Date of Statements Date of Receipt
No. of Accounts of Payment
1. 15-11-2021 06-11-2021 10-11-2021
2. 04-10-2021 04-10-2021 06-10-2021
3. 16-12-2021 20-12-2021 28-12-2021
4. 26-12-2021 25-01-2022 25-01-2022
5. 15-12-2021 11-12-2021 12-01-2022
6. 22-10-2021 25-11-2021 12-11-2021
7. 16-12-2021 06-12-2021 10-12-2021

Ans.
2.Supply of Goods on Approval Basis:
In case of supply of Goods on Approval Basis, Time of Supply is earlier of,
a. Date of Issue of Invoice OR
b. Date of Receipt of Payment OR
c. 6 Months from date of removal if no invoice is issued
1 Find the time of supply in case of supply of Goods on Approval basis.
Sr. Date of Date of Invoice Acceptance by Date of Receipt
no. Removal Recipient of Payment
1 15-11-2021 20-11-2021 25-11-2021 30-11-2021
2 20-11-2021 20-11-2021 21-12-2021 17-11-2021
3 25-11-2021 20-01-2022 15-02-2022 16-02-2022
4 06-01-2022 08-07-2022 07-07-2022 07-08-2022
5 06-11-2021 30-08-2021 25-08-2021 31-08-2021
6 17-02-2022 14-02-2022 20-02-2022 25-02-2022
Ans.
Sr. Date of Six Months Date of Date of Time of
No. Removal from Date Invoice Receipt of Supply
of Removal Payment Earlier of
B, C & D
A B C D
1 15-11-2021
2 20-11-2021
3 25-11-2021
4 06-01-2022
5 06-11-2021
6 17-02-2022
TIME OF SUPPLY FOR GOODS UNDER Reverse Charge Mechanism (RCM):
TOS shall be the earliest of the following dates:
a. Date of Payment OR
b. Date of Receipt of Goods OR
c. Date Immediately after Thirty Days from date of issue of Invoice by the supplier
Determine Time of Supply in following independent cases of Goods sent under RCM.
No. Date of Invoice Date of Receipt of Date of Receipt of
GOODS Payment
1. 20-12-2021 16-11-2021 29-11-2021
2. 14-02-2022 15-02-2022 14-02-2022
3. 24-08-2022 30-08-2022 15-02-2022
4. 06-05-2021 24-08-2021 30-08-2021
5. 06-07-2021 06-07-2021 06-08-2021
6. 16-10-2021 02-07-2021 19-10-2021

Ans.
No. Date of Date Date of Date of Time Supply
Invoice Immediately Receipt of Receipt of earlier of B,
after 30 days GOODS Payment C& D
from date of
Invoice
A B C D

1.
2.
3.
4.
5.
6.
TIME OF SUPPLY FOR SERVICES UNDER RCM:
Time of supply for services under RCM, shall be the earliest of the following dates:
a. Date of Payment as entered in the books of accounts of the recipient OR
b. Date Immediately after Sixty Days from the date of Issue of Invoice by the Supplier OR
c. Date on which the payment is debited in the bank account
Determine Time of Supply for services as per provisions of GST in the following independent
cases under RCM –
NO. Date of Invoice Date of Provisions of Date of Entry of Date of Debit
Services Payment in Bank
Account
1. 16-11-2021 26-11-2021 16-01-2022 11-1-2022
2. 16-11-2021 13-11-2021 11-01-2022 10-1-2022
3. 16-02-2022 12-02-2022 11-01-2022 17-02-2022
4. 26-01-2022 27-12-2021 27-02-2022 26-02-2022
5. 04-02-2022 03-02-2022 03-04-2022 02-04-2022
Ans.
No. Date of Date Date of Date of Debit Time of
Invoice immediately Entry of in Bank Supply
after 60 days Payment Account Earlier of B,
from Date of C or D
invoice
A B C D

1.
2.
3.
4.
5.

OBJECTIVES QUESTIONS: TIME OF SUPPLY

1. What is time of supply of goods, in case of forward charge? Earlier of Date of issue of
a. Date of issue of invoice invoice or Due date of issue of
b. Due date of issue of invoice invoice
c. Date of receipt of consideration by the supplier
d. Earlier of Date of issue of invoice or Due date of issue of invoice

2. Determine the Time of Supply in case goods are supplied on approval

basis: Date of issue of invoice: 15-
Date of Removal Goods: 01-12-2021 12-2021
Date of issue of invoice: 15-12-2021
Date Accepted by recipient: 05-12-2021
Date of Receipt of Payment: 25-01-2021
a. Date of Removal Goods: 01-12-2021
b. Date of issue of invoice: 15-12-2021
c. Date Accepted by recipient: 05-12-2021
d. Date of Receipt of Payment: 25-01-2021

3. The time of supply to the extent it relates to an addition in the value of The supplier receives such
supply by way of interest, late fee or penalty for delayed payment of any addition in value
consideration shall be the date on which ----------------.
a. The supplier receives such addition in value
b. The original invoice was issue
c. The supplier issues revised invoice
d. The original payment was received

4. Tax invoice must be issued by ------------ on supplies made by him. Every registered person not
a. Every supplier paying tax under composition
b. Every taxable person scheme
c. Every registered person not paying tax under composition
scheme
d. Every customer
5. An invoice must be issued --------------. At the time of removal of
a. At the time of removal of goods goods
b. On transfer of risks and rewards of the goods to the recipient
c. On receipt of payment for the supply
d. On order of goods
6. In case of goods sent on sale on approval basis, invoice has to be issued When the recipient accepts the
----------------. goods or six months from the
a. While sending the goods; another invoice has to be issued by the date of supply whichever is
recipient while rejecting the goods earlier
b. When the recipient accepts the goods or six months from the date
of supply whichever is earlier
c. When the recipient accepts the goods or six months from the date
of supply whichever is later
d. When the recipient accepts the goods or three months from the
date of supply whichever is earlier

7. What is time of supply of goods liable to tax under reverse charge Earlier of Date of receipt of
mechanism? goods or Date on which the
a. Date of receipt of goods payment is made or Date
b. Date on which the payment is made immediately following 30
c. Date immediately following 30 days from the date of issue of days from the date of issue of
invoice by the supplier invoice by the supplier
d. Earlier of Date of receipt of goods or Date on which the payment
is made or Date immediately following 30 days from the date of
issue of invoice by the supplier

8. What is the time of supply of services in case of forward charge for the At the option of the supplier –
supply of taxable services up to Rs.1000 in excess of the amount Invoice date or date of receipt
indicated in the taxable invoice? of consideration
a. At the option of the supplier – Invoice date or date of receipt of
consideration
b. Date of issue of invoice
c. Date of receipt of consideration
d. Date of entry in books of account
9. The tax invoice should be issued --------------- the date of supply of Within 30 days from
service.
a. Within 30 days from
b. Within 2 months from
c. Within 15 days from
d. On

10. In case of taxable supply of services, invoice shall be issued within a 30 days
period of ----------------- from the date of supply of services.
a. 30 days
b. 45 days
c. 60 days
d. 90 days

11. “Continuous supply of services” means a supply of services who Three

provided, or agreed to be provided, continuously or on recurrent basis,
 under a contract, for a period exceeding ----------- months with periodic
payment obligations and includes supply of such services as the
government may, subject to such conditions, as it may, by notification,
specify.
a. Three
b. Four
c. Six
d. Twelve
12. Minimum services periods required to constitute a continuous supply of Exceeding 3 months
services with periodic payment -------.
a. Exceeding 6 months
b. 6 months
c. Exceeding 3 months
d. 3 months

***********ALL THE BEST***********

Time of Supply
 Date
Page

S.1a)stales that the Liohilty to pny lor oo goads shal aise

a tth ine of Supely solehemined in_aitcdon n
he szmsioa of tha Sechion echion 13() maka sinila
Paavisions egasidig taxon Sewites n codow th
caltulakeand elschago ta liahlty is Împortont h knois
Nho dato ea he tox liabilky aufses i.e the olale on uhich
h cmminiog he cunt has oceuwscd sn GS1 lait is
knauo as Time af Supply (TOS) Tos cletemie ha
tate o az Tos also ckfexmines ths due dath puimtat
o tax hus Tos delemi ohon tor to be lauicd
awha iade andl whon it shald be paid

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of hedollousiog

a t e ak Snvoito Aoke of Stadeoeat of dcinue

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on follauadq hanackba aclathd to eatinun Sugely ot Gnoab Eind

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SxNoOato dnvalce Late cl stateends of Atcunt 2ode cd Receipt of faymends

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26l022022 22 00/a02
2 02/2022
22lo1/2022 o1/ 2022 16Jo1/2022
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SNo ate of Remevalrths fra Date of ate ReceitTos Eaxlie

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TnE OF SUpOLy o Cgooch undan Rouco chaii
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34/08/202 I5l02/oe22
6lvl202 30/8l202
6 t6o 202 2/4l202 06/o6/a02
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 Date
Page-

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16lo2l2022 2112/201
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26loll202 0l02/ 2022

o3ley /2002
olfloz/2022
 S4 Date
Page
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No Date erele immediaklymle ofenhyale of dtbtToseauk
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