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What is the prescribed time limit to issue invoice in case of continuous supply of goods as per section 31 of CGST/SGST Act?

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What is the prescribed time limit to issue invoice in case of continuous supply of goods as per section 31 of CGST/SGST Act?

Expert Answer

Answered 05 Aug 2022

2134 views

Continuous supply of goods means supply wherein a supplier provides goods to the recipient on a continuous or recurring basis, under a contract. If successive statement of accounts or successive payments are involved, then invoice shall be issued before or at the time of issuance of such statements. In other cases, invoices shall be issued at the time of payment.

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