Examples:
Q.1
Mr. A, a manufacturer, sold goods to Mr. B, wholesaler, and issued invoice for the
sale on 01st August 2017. Now, determine the time of supply of goods for the
following cases:
a. Mr. A removes the goods for delivery to Mr. B on 16th August 2017.
b. Mr. B collects the goods from premises of Mr. A on 10th August 2017.
c. Mr. B made full payment on 26th July 2017.
d. Mr. B credited the payment in bank account of Mr. A on 28 th July 2017 for 3/4thof
goods, Mr. A recorded the same as receipts in his books on 3 rd August 2017. The
goods were dispatched on 5th August 2017 from the warehouse.
A.1
Q.2
Mr. A entered into a contract with Mr. B to supply of oil throughout the year. Mr. A
issues monthly statement for the oil supplied to Mr. B. Now, determine the time of
supply of goods in following cases:
a. Mr. B made payment for the month of July on 31 st July 2017 and Mr. A issued
statement for the month of July on 8th August 2017.
b. Mr. A issued statement for the month of August on 5 th September 2017, the
payment of which not received till 30th September 2017.
A.2
Q.3
ABC Consultancy services issued invoice for services rendered to Mr. P on
5th August 2017. Determine the time of supply in following cases:
a. The provisions of services were completed on 1st July 2017.
b. The provisions of services were completed on 15th July 2017.
c. P made the payment on 3 rd August 2017, where provisions of services were
remaining to be completed.
d. P made the payment on 15th August 2017, where provisions of services were
remaining to be completed.
A.3
Q.4
Mr. A, a registered dealer received goods from Mr. B, an unregistered dealer. Mr. B
issues invoice on 1st July 2017. Now, determine time of supply of goods in following
cases:
a. Mr. A received goods on 15th July 2017, payment of which is not made yet.
b. Mr. A received goods on 3rd August 2017 & made payment for the same on
4thAugust 2017.
c. Mr. A made payment on 8th July and received goods on the same date.
d. Mr. A received goods on 10 th July 2017 & made payment for the same on 9 thJuly
2017.
A.4
Q.5
ABC Ltd., a registered firm received services from PQR Ltd., an unregistered firm.
PQR Ltd. issued invoice to ABC Ltd. on 1 st July 2017. ABC Ltd. & PQR Ltd is not
associated enterprises. Determine the time of supply of services:
a. ABC Ltd. made the payments to PQR Ltd. on 15th August 2017.
b. ABC Ltd. made the payments to PQR Ltd. on 11th September 2017.
A.5
Q.6
XYZ Ltd. & MNT Ltd. is associated enterprises. XYZ Ltd., a registered firm received
the services of MNT Ltd., a unregistered firm. Determine the time of supply in
following cases:
a. XYZ Ltd. recorded the liability in the books on 15 th July 2017 and payment will be
made in the next month.
b. XYZ Ltd. made advance payment to MNT Ltd. on 10 th July and recorded liability in
the books on 15th July 2017.
A.6
Q.7
Mr. A is supplied goods to Mr. B on 28 th December 2017. The GST rate on goods is
changed from 12% to 5% w.e.f. 1st January 2018. Mr. A issued invoice on
28thDecember 2017 and payment is credited in his bank account on 30 th December
2017. What is the time of supply in this case?
A.7
Q.8
Mr. A is supplied goods to Mr. B on 28 th December 2017. The GST rate on goods is
changed from 12% to 5% w.e.f. 1 st January 2018. Mr. A issued invoice on 2 nd January
2018 and payment is credited in his bank account on 29 th December 2017. What is
the time of supply in this case?
A.8
Q.9
Mr. A is supplied goods to Mr. B on 28 th December 2017. The GST rate on goods is
changed from 12% to 5% w.e.f. 1st January 2018. Mr. A issued invoice on
28thDecember 2017 and payment is credited in his bank account on 4 th January
2018. What is the time of supply in this case?
A.9
Q.10
Mr. A is supplied goods to Mr. B on 2 nd January 2018. The GST rate on goods is
changed from 12% to 5% w.e.f. 1st January 2018. Mr. A issued invoice on
28thDecember 2017 and payment is credited in his bank account on 30 th December
2017. What is the time of supply in this case?
A.10
Q.11
Mr. A is supplied goods to Mr. B on 2 nd January 2018. The GST rate on goods is
changed from 12% to 5% w.e.f. 1st January 2018. Mr. A issued invoice on
29thDecember 2017 and payment is credited in his bank account on 4 th January
2017. What is the time of supply in this case?
A.11
Q.12
Mr. A is supplied goods to Mr. B on 2 nd January 2018. The GST rate on goods is
changed from 12% to 5% w.e.f. 1 st January 2018. Mr. A issued invoice on 2 nd January
2018 and payment is credited in his bank account on 29 th December 2017. What is
the time of supply in this case?
A.12
Q.13
Let’s say there was increase in tax rate from 18% to 20% w.e.f. 1.6.2017. What is
the tax rate applicable when services provided and invoice issued before change in
rate in April 2017, but payment received after change in rate in June 2017?
A.13