Determine the time of supply (TOS) by giving reason in brief in each of the following cases in accordance with the provisions of CGST Act, 2017: (i) Sunshine Pvt. Ltd. engaged in supply of services. It receives advance o

Case Time of Supply (TOS) Reason (i) 14th May, 2021 As per Section 13(2) of the Central Goods and Services Tax Act, 2017 The time of supply of services shall be the earliest of the following dates, namely:- (a) the date of issue of invoice by the supplier, if the invoice is issued within the period prescribed under section 31 or the date of receipt of payment, whichever is earlier; or (b) the date of provision of service, if the invoice is not issued within the period prescribed under section 31 or the date of receipt of payment, whichever is earlier. In both the cases, advance payment is the Time of Supply.