When to issue GST Invoice in India


Maximum allowed time to issue Tax Invoice after supply of Goods or/and Services


The below post explains about time of issue of GST Invoice and maximum period of time allowed to issue GST Tax Invoice for a particular supply, as per GST Law


When to issue GST Invoice in IndiaAs we know, any invoice is issued at the time of sales occurs. The invoice is prime document for any sale transaction. The sales could be goods or services. Usually invoice is generated at the time sale of goods or services. Additional Invoice (Debit Invoice) to previously issued Invoice is issued later if situation arises. Credit Invoice (credit note to previously issued invoice) also could be generated later if such situation arises.


Is there a particular period within which GST Tax Invoice has to be issued?


According to GST Law of India, “the invoice referred to in sub-rule (1), in case of taxable supply of services, shall be issued within a period of thirty days from the date of supply of service:


Provided that in case of continuous supply of services, the invoice shall be issued within a period of thirty days from the date when each event specified in the contract, which requires the recipient to make any payment to the supplier of services, is completed.”


The GST Law also states: “Provided further that where the supplier of service is a banking company or a financial institution including a non-banking financial company, the period within which the invoice is to be issued shall be forty-five days from the date of supply of service.”

 

The above information is about the time duration allowed to issue a GST Invoice for a supply of goods or services.


Share below your views about the time period allowed under GST Law for issuing a GST Tax Invoice for a particular supply of goods or service.
 

 


Related Information links:

Click here to know GST rate on Goods and Services

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GST registration guidelines

Indian GST Laws

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Can a Tax Invoice be revised under GST Law?  

Credit Invoice on Taxable supply of GST  

Input Service Distributor’s GST Invoice  

GST Invoice of Financial institutions  

GST Invoice of a Transport Company

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Comments


SAEED QURESHI: The exporter firm has made invoice for export on 01.12.2004, whereas the goods were supplied by local manufacturer on 25.01.2005 against form "H" which were exported on 28.01.2005. My question is whether the export invoice made out by the exporter prior to receiving goods to be exported is valid for export purposes ?

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