WebJan 9, 2024 · As per the GST (Goods and Services Tax) law, construction of a complex, building, civil structure or a part thereof, including a complex or building intended for sale to a buyer is a supply of service and hence, is liable to the goods and services tax (GST). WebApr 7, 2024 · The GST invoice time limits vary by supply type: 1. For Goods: Normal Supply: Invoice must issue by removal, defined as direct collection or dispatch for delivery Continuous Supply: GST invoices must be issued before receiving payment or generating account statements. 2. For Services: General: Invoice must issue within 30 days of service
What is a continuous supply? How is it affected by the ... - Zoho
WebFeb 21, 2024 · Section 2 (30) of CGST Act, Composite Supply means a supply made by a taxable person to a recipient consisting of two or more taxable supplies of goods or services or both, or any combination thereof, which are naturally bundled and supplied in conjunction with each other in the ordinary course of business, one of which is a principal supply. WebUnder service tax, continuous supply of service is defined to mean any service which is provided or agreed to be provided continuously or on recurrent basis, under a contract, … pink corporate office
IRAS When to Report Supplies in GST Returns
WebSupplying service on a continuous basis You are supplying a service on a continuous basis if the service: Stretches over a period of several months or years (e. g. … WebMay 2, 2024 · Section 2 (33) defines the expression ‘continuous supply of services’ as a supply of services which is provided, or agreed to be provided, continuously or on recurrent basis, under a contract for a period exceeding three months with periodic payment obligation and includes supply of such services as the Government may, subject to such … WebFeb 21, 2024 · Section 2 (30) of CGST Act, Composite Supply means a supply made by a taxable person to a recipient consisting of two or more taxable supplies of goods or … pink corporate number