Hi I want to know when is the time to report reverse charge liabilty. Vendor invoice date or booking of expense or taking input of the same.

Asked on December 17, 2018 in Miscellaneous.
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1 Answer(s)

As per time of supply provisions, the time at which supply is effected is earlier of following dates:-

1. Receipt of goods

2. Booking of expense or debit in a bank account

3. Date immediately following thirty days from issue of invoice by supplier.

Answered on December 17, 2018.
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Gen GST