Continuous supply of goods - GST Ready Reckoner - GST

As per Section 2(32) of CGST Act, 2017 Continuous supply of goods means a supply of goods which is provided, or agreed to be provided, continuously or on recurrent basis, under a contract , whether or not by means of a wire, cable, pipeline or other conduit, and for which the supplier invoices the recipient on a regular or periodic basis and includes supply of such goods as the Government may, subject to such conditions, as it may, by notification, specify; Example : Open Purchase Orders With An Understanding Of Fortnightly Billing. Vmi (Vendor Managed Inventory) Where The Agreed Periodicity For Billing say monthly /Forthnightly. Supply Of Gases Through Pipeline With A Weekly Billing Schedule. Supply Of Say, 5 Liter Water Cans On An As And When Required Basis with frequency of Monthly billing under a contract .