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CA Intermediate · Taxation · Tax Invoice; Credit and Debit Notes

Kaveri Consultants, Chennai, a registered person, provided taxable consulting services to a registered client on 5 August. It is not an insurer, banker or NBFC. Within how many days from the date of supply of service must it issue the tax invoice?

Kaveri Consultants must issue the invoice within 30 days from the date of supply of service. The longer 45-day limit is reserved for insurers, banks, financial institutions and NBFCs, which Kaveri is not.

  1. A15 days
  2. B30 daysCorrect
  3. C45 days
  4. D60 days

Explanation

For taxable services by an ordinary registered supplier, the invoice must be issued within 30 days from the date of supply. The 45-day period is only for insurers, banking companies, financial institutions and NBFCs. Kaveri is none of these, so 45 days is wrong.

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