Issue of Invoice in case of continuous supply of goods or services Sec 31(4) & 31(5) - GST Ready Reckoner - GST

Issue of Invoice in case of continuous supply of goods or services Continuous supply of goods Meaning of continuous supply of goods defined [sec. 2(32) of CGST Act] Issue of invoice in case of continuous supply of goods [ as per sec. 31(4) of CGST Act] In case of continuous supply of goods, where successive statements of accounts or successive payments are involved, the invoice shall be issued before or at the time each such statement is issued or, as the case may be, each such payment is received. Time of supply of goods, determined as per sec. 12 , taxable on forward charges basis does not make any distinction between single supply and continuous supply Continuous supply of services Meaning of continuous supply of services defined [sec. 2(33) of CGST Act] Issue of Invoice in case of continuous supply of services [ as per sec. 31(5) of CGST Act] In case of continuous supply of services, where, a) the due date of payment is ascertainable from the contract; the invoice shall be issued on or before the due date of payment; b) the due date of payment is not ascertainable from the contract; the invoice shall be issued before or at the time when the supplier of service receives the payment; c) the payment is linked to the completion of an event; the invoice shall be issued on or before the date of completion of that event. Time of supply of goods, determined as per section 13 , taxable on forward charges basis or under reverse charge, does not make any distinction between single supply and continuous supply Supply of service ceases Issue of invoice in case, where supply of service ceases under a contract before completion of supply In a case where the supply of services ceases under a contract before the completion of the supply, the invoice shall be issued at the time when the supply ceases and such invoice shall be issued to the extent of the supply made before such cessation.