When Tax Invoice needs to be issued under GST?

According to section 31 of Act, Tax invoice should be issued within the time specified in act. Every registered person needs to issue GST invoice according to Supply. If it is a Normal Registered person then he should issued Tax Invoice, it is a composition dealer then he is supposed to issued Bill of Supply. For every supply of transaction, Invoice needs to be issued except where value of  supply is below Rs. 200/-

 

Provisions for issuing tax invoice in respect of goods:

Type of Supply	Situation	Time Limit
One time Supply	Supply involves movement of goods	Before or at the time of removal of goods
	Supply involves no  movement of goods	Before or at the time of delivery of goods or making it available to recipient.
Continuous Supply	Where successive statements of accounts are involved	Before or at the time of each such statement is issued
	Where successive statements of accounts are involved	Before or at the time of each such payment is received.
Goods sent on approval	Goods are removed before the supply takes place	The invoice shall be issued before or at the time of supply or six months from the date of removal, whichever is earlier.

 

Provisions for issuing tax invoice in respect of Services:

Type of Supply	Situation	Time Limit
One time Supply	Services other than insurer or banking, financial services	Before or after supply but within 30 days from the date of supply
	Services of insurer or banking, financial services, NBFC	Within 45 days from the date of supply
Continuous Supply	Where due date of payment is ascertainable from the contract	On or before due date of payment
	Where due date of payment is not ascertainable from the contract	Before or at the time when supplier receives  payment
	Where the payment is linked with completion of an event	On or before the date of completion of that event