CGST Amendment Act 2018- Series 5

Following are the Key amendments in Section 12 &13, of the CGST Act 2017, amended vide CGST Amendment Act 2018 for which assent was given by President of India on 30th August 2018, but the provisions are expected to be notified on 1st February 2019.

Amendment in Time of Supply [ Section 12 & 13 ]

Reference of Sections 31(1) and 31(2) in section 12 and 13 amended to apply to whole of Section 31. (Subsections omitted)

Prior to amendment Time of supply under section 12 and section 13 referred to date of issue of invoice in terms of Section 31(1) and Section 31(2) respectively, and there was no reference to other sub-sections under section 31.

With this amendment, provisions of Time of supply will apply to entire Section 31 (not restricting to sub section (1) or (2)). Thereby, the invoices issued under sub-section(4) /(5) continuous supply of goods or services, invoicing for goods sent on approval basis (section 31(7)) or special provisions relating to invoices as detailed in section 31(3).

This amendment is drafting in nature.