topic time of supply

1. What is the time of supply of service if the invoice is issued within 30 days from the date of provision of service?

(a) Date of issue of invoice

(b) Date on which the supplier receives payment

(d) Earlier of (a) & (b)

None

1 out of 25

2. Where the supplier of taxable services receives an amount up to ₹1,000 in excess of the amount indicated in the tax invoice, the time of supply to the extent of such excess amount shall be

(a) The date on which the payment is entered in his books of accounts

(b) The date on which the payment is credited to his bank account

(c) The date on which the payment is entered in his books of accounts or the date on which the payment is credited to his bank account, whichever is earlier

(d) At the option of the said supplier, the date of issue of invoice in respect of such excess amount

None

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3. What is the time of supply of service if the invoice is not issued within 30 days from the date of provision of service?

(a) Date of issue of invoice

(b) Date on which the supplier receives payment

(d) Earlier of (b) & (c)

None

3 out of 25

4. What is the time of supply of vouchers, if the supply is identifiable at the point at which voucher is issued?

(a) Date of issuance of voucher

(b) Date of redemption of voucher

(d) Earlier of (a) or (b) or (c)

None

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5. What is the time of supply of vouchers, if the supply is not identifiable at the point at which voucher is issued?

(a) Date of issuance of voucher

(b) Date of redemption of voucher

(d) Earlier of (a) or (b) or (c)

None

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6. What is the time of supply in relation to value of supply by way of interest, late fee or penalty?

(a) The date of actual issue of invoice by the supplier

(b) The last date on which he is required u/s 31(1) to issue the invoice with respect to the supply

(d) The date on which the supplier receives such addition in value by way of interest, late fee or penalty for delayed payment

None

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7. Date on which supplier receives the payment shall be

(a) The date of receipt of payment

(b) The date on which the payment is entered in his books of accounts

(d) The date on which the payment is entered in his books of accounts or the date on which the payment is credited to his bank account, whichever is earlier

None

7 out of 25

8. What is the time of supply of services where the supplier is liable to pay tax under forward charge and the invoice is issued within prescribed period u/s 31(2)?

(a) Date of provision of service

(b) Date of issue of invoice

(d) Date of issue of invoice or date of receipt of payment, whichever is earlier

None

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9. What is the time of supply of services where the supplier has to pay tax under forward charge and the invoice is not issued within prescribed period u/s 31(2)?

(a) Date of issue of invoice

(b) Date of completion of provision of service

(d) Date of completion of provision of service or date of receipt of payment, whichever is earlier

None

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10. What is the time limit for issue of invoice in case of continuous supply of services?

(a) On/before the due date of payment

(b) Before/at the time when the supplier of service receives the payment

(d) Either of (a) or (b) or (c) above

None

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11. Where service is taxable on reverse charge basis, the time of supply of services shall be

(a) Date of payment as entered in the books of accounts of the recipient or the date on which the payment is debited in his bank account, whichever is earlier

(b) The date immediately following 60 days from the date of issue of invoice or any other document, by whatever name called, in lieu thereof by the supplier

(d) Earliest of (a) or (b) above

None

11 out of 25

12. What is the time of supply of service where services are received from an associated enterprise located outside India?

(a) Date of entry of services in the books of accounts of recipient of service

(b) Date of payment

(d) Date of entry of services in the books of the supplier of service

None

12 out of 25

13. Value of services rendered is ₹5,00,000. Date of issue of invoice is 15.9.2023. Advance of ₹95,000 is received on 31.8.2023. Balance amount of ₹4,05,000 is received on 15.9.2023. What is the time of supply for ₹5,00,000?

(a) 15.9.2023 for ₹5,00,000

(b) 31.8.2023 for ₹5,00,000

(d) Any of the above

None

13 out of 25

14. The time of supply of goods, where supplier is liable to pay tax under forward charge shall be

(a) The date of actual issue of invoice by the supplier

(b) The last date on which he is required u/s 31(1) to issue the invoice with respect to the supply

(d) (a) or (b) whichever is earlier

(e) (a) or (b) or (c) whichever is earlier

None

14 out of 25

15. Where tax is levied on reverse charge basis, the time of supply of such goods shall be

(a) The date of the receipt of goods

(b) The date of payment as entered in the books of accounts of the recipient or the date on which the payment is debited in his bank account, whichever is earlier

(c) The date immediately following 30 days from the date of issue of invoice or any other document, by whatever name called, in lieu thereof by the supplier

(d) Earliest of (a) or (b) or (c) above

None

15 out of 25

16. Value of services rendered is ₹1,18,000. Date of invoice is 5th September 2023. Advance of ₹20,000 is received on 20th August 2023. Balance amount is received on 7th September 2023. What is the time of supply of services?

(a) 5th September 2023 for ₹1,18,000

(b) 20th September 2023 for ₹1,18,000

(d) 20th August 2023 for `20,000 and 7th September 2023 for ₹98,000

None

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17.

(a) 10th November 2023

(b) 30th November 2023

(d) 10th December 2023

None

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18.

(a) 10th November 2023

(b) 30th November 2023

(d) 10th December 2023

None

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19.

(a) 10th November 2023

(b) 22nd December 2023

(d) 10th December 2023

None

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20.

(a) 30th November 2023

(b) 10th December 20233

(d) 30th January 2024

None

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21.

(a) 30th November 2023

(b) 15th November 2023

(d) 15th January 2024

None

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22.

(a) 1-Apr-20XX

(b) 15-Apr-20XX

(d) 30-Apr-20XX

None

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23.

(a) 1-May-20XX

(b) 5-May-20XX

(d) 15-Apr-20XX

None

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24. M/s Ramchandra Associates has received some taxable services from Mohan Dalal (P) Ltd on 12.01.20XX by making a cash payment of `5,00,000 on same day. The payment was entered in the books of accounts of M/s Ramchandra Associates on 16.01.20XX and in the books of account of Mohan Dalal (P) Ltd on 20.01.20XX. The invoice was issued by Mohan Dalal (P) Ltd on 18.01.20XX. Determine the time of supply in the given case.

(a) 12.01.20XX

(b) 16.01.20XX

(d) 20.01.20XX

None

24 out of 25

25. Ms Pearl is a classical singer. She wants to organize a classical singing function, so she booked an auditorium on 10th August for a total amount of `20,000. She paid `5,000 as advance on that day. The classical singing function was organized on 10th October. The auditorium owner issued invoice to Ms Pearl on 25th November amounting to `20,000. Pearl made balance payment of `15,000 on 30th November. Determine the time of supply in this case.

(a) Time of supply is 25th November for ₹20,000.

(b) Time of supply is 25th November for ₹5,000 & 30th November for ₹15,000.

(d) Time of supply is 10th October for ₹20,000.

None

25 out of 25

Topic - Time Of Supply

Topic -
Time Of Supply