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Continuous supply of goods per Sec 2(32) requires:
AGoods supplied on a continuous or recurrent basis with periodic invoices
BSingle delivery on a fixed date
CGoods returned after delivery
DBundled supply of two or more goods
Answer & Solution
Correct answer: A. Goods supplied on a continuous or recurrent basis with periodic invoices
1. Sec 2(32) defines continuous supply of goods as goods supplied or agreed to be supplied continuously or on recurrent basis under a contract.
2. The supplier must invoice the recipient on a regular or periodic basis.
3. Examples: pipeline supply of gas, monthly stationery contract.
_Source: ICAI BoS CA Final Paper 8, Ch 4 "Time of Supply", §Sec 2(32)_
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