Determine by giving brief reasons the requirement and date of issue of tax invoice under CGST Act in each of the following independent cases: (iii) Sultan Industries Ltd. of Delhi entered into a contract with Prakash Ent

CS Professional · Advanced Tax Laws and Practice · PYQS · December 2020
Determine by giving brief reasons the requirement and date of issue of tax invoice under CGST Act in each of the following independent cases: (iii) Sultan Industries Ltd. of Delhi entered into a contract with Prakash Enterpreneurs of Delhi for supply of spare parts of a machine to them on 27th November, 2019. The spare parts were required to be delivered on 30th November, 2019. Sultan Industries Ltd. removed the finished spare parts from its factory on 29th November, 2019.

Answer & Explanation:

As per provisions of section 31, invoice shall be issued before or at the time of removal of goods for supply to the recipient, where the supply involves movement of goods. Accordingly, the tax invoice must be issued by Sultan Industries Ltd. Delhi on or before 29th November, 2019.

Topics: Goods and Services Tax (GST)

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