Everything You Need to Know About Continuous Supply of Goods Under GST

When certain goods are being supplied on a recurrent basis, it comes under a continuous supply of goods scheme which can be under a contract of three months or more. Certain types of supplies can be mentioned by the Government to be continuous.

The GST invoices therefore for such services become periodical which may include services like internet services, the supply of certain goods on weekly basis, or even an annual maintenance contract.

Invoice Issue Time Limit

A time limit is mentioned by the GST act for continuous supply goods within which the invoice must be issued based on the following criteria.

• The due date mentioned in the contract
  In case of a certain continuous supply of like electricity, internet, gas, etc, the due date is mentioned in the contract according to which the invoice must be generated before the fixed date.
• Due date not mentioned in the contract
  In case of a due date not being mentioned, then on receipt of payment for the supply of goods, the invoice must be issued.
  • On completion of an event
    If the payment involves the completion of an event, then the invoice must be issued on or before the date when the event is completed.

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