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Mr. Y provides architectural services completed on 5 January 2024. He issues invoice on 10 February 2024 (i.e. beyond 30 days). Payment received on 1 March 2024. Time of supply is:
A5 January 2024
B10 February 2024
C1 March 2024
DEarlier of 10 Feb and 1 Mar
Answer & Solution
Correct answer: A. 5 January 2024
1. Invoice was NOT issued within 30 days of supply (Sec 31(2)) — so Sec 13(2)(b) applies, not 13(2)(a).
2. Sec 13(2)(b): time of supply is the earlier of date of PROVISION of service or date of receipt of payment.
3. Provision of service = 5 Jan 2024; payment = 1 Mar 2024 → earlier is 5 Jan 2024.
_Source: ICAI BoS CA Final Paper 8, Ch 4 "Time of Supply", §Sec 13(2)(b)_
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