Relevant Rule-Not Applicable
- Notification No. 40/2017-Central Tax, Dated 13-10-2017 [Superseded By Notification No. 66/2017-Central Tax, Dated 15-11-2017]- Notifies registered person whose aggregate turnover in the preceding financial year did not exceed one crore and fifty lakh rupees or registered person whose aggregate turnover in the year in which such person has obtained registration is likely to be less than one crore and fifty lakh rupees and who did not opt for the composition levy under section 10 of the said Act as the class of persons who shall pay central tax on outward supply of goods at the time of supply as specified in clause (a) of sub-section (2) of section 12 of the said Act including in the situations attracting the provisions of section 14 of the said Act.
- Notification No.66/2017-Central Tax, Dated 15-11-2017-Notifies registered person who did not opt for the composition levy under section 10 of the said Act as the class of persons who shall pay the central tax on the outward supply of goods at the time of supply as specified in clause (a) of sub-section (2) of section 12 of the said Act including in the situations attracting the provisions of section 14 of the said Act
Relevant Circular-Not Applicable
a) Time of Supply wherein Invoice is issued but the goods are delivered later on-The provisions of Section 12 clearly stipulates that in case the invoice has been issued by the supplier, the date of issue of invoice is the date of supply, hence, in such cases where the goods are delivered by the applicant later on but invoice is raised earlier, the date of issue of invoice will the time of supply for the purpose of determining the tax period for filing of return and payment of tax for such supplies.-Pasco Motor LLP, In re  102 taxmann.com 283 (AAR – Haryana)
b)Time of Supply in case goods are handed over by principal to the agent for sale- The applicant supplies timber to Government Timber Depots. Government Timber Depots auction the same to general public. When these Government Timber Depots auction the timber/wood, they raise invoice in their name and collect consideration from the buyer. After the completion of auction, Timber Depots before remitting the sale proceeds to the applicant, deducts supervision charges at the rate of 10% of the total sale value along with GST and remits the net amount to the account of the applicant. The transaction of depositing timber with Government Timber depot for disposal would amount to “supply” within the meaning assigned to it under the GST Act and GST is chargeable on the value of such supply. The time of supply is the time of removal of timber/wood by the applicant for supply to the depot.Tata Coffee Ltd.,  110 taxmann.com 342 (AAR – KARNATAKA)