Skip to content

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

Sunrise Traders, Jaipur, a registered supplier of taxable goods, sold goods to a registered buyer on 10 June. The goods were removed on 10 June and the supply involved movement of goods. Within which period is the supplier required to issue the tax invoice under the CGST Act?

For taxable supply of goods that involves movement, the tax invoice must be issued at or before the time the goods are removed for delivery to the recipient. The 30-day window applies to services, so it does not apply to this goods supply.

  1. AAt or before the time of removal of goods for supply to the recipientCorrect
  2. BWithin 30 days from the date of supply
  3. CWithin 45 days from the date of removal
  4. DOn or before the due date of filing the monthly return for June

Explanation

For a supply of goods involving movement, the invoice must be issued at or before the time of removal of goods. The 30-day limit applies to services, not goods. The other periods have no basis for goods supplies.

Did you get it right without looking?

One question tells you little. A timed set on Tax Invoice; Credit and Debit Notes shows your real accuracy, how long you take and where you lose marks.

Practise Tax Invoice; Credit and Debit NotesFree diagnostic mock

More Tax Invoice; Credit and Debit Notes questions