Q  What will be the time of supply where multiple invoices are issued for a single consignment involving supply of goods?

The time of supply of goods shall be the earlier of

i) The date of issue of invoice by the supplier or

ii) the due date of issue of invoice ( ref section 28 –Tax invoice )

iii) date on which the supplier receives the payment

If the supplier has not received the payment in case of multiple invoices issued for a single consignment of
supply, the time of supply shall be ascertained regarding the date of issuance of such invoices since the provisions relating to time of supply of goods do not prescribe the date of receipt of goods by the recipient as one of the factors to ascertain the time of supply of goods.

Relevant Extract of Section 12

As per Section 12 (2)  of Revised Model GST Law

(2) The time of supply of goods shall be the earlier of the following dates, namely,-

(a) the date of issue of invoice by the supplier or the last date on which he is required, under section 28, to issue the invoice with respect to the supply; or

(b) the date on which the supplier receives the payment with respect to the supply:

PROVIDED that where the supplier of taxable goods receives an amount up to one thousand rupees in excess of the amount indicated in the tax invoice, the time of supply to the extent of such excess shall, at the option of the said supplier, be the date of issue of invoice.

Explanation 1.- For the purposes of clauses (a) and (b), the supply shall be deemed to have been made to the extent it is covered by the invoice or, as the case may be, the payment.

Explanation 2.- For the purpose of clause (b), “the date on which the supplier receives the payment” shall be the date on which the payment is entered in his books of accounts or the date on which the payment is credited to his bank account, whichever is earlier.