{"id":27648,"date":"2024-10-17T17:06:55","date_gmt":"2024-10-17T11:36:55","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=27648"},"modified":"2025-12-25T02:20:23","modified_gmt":"2025-12-24T20:50:23","slug":"self-invoicing-time-of-supply-for-suppliers-under-rcm","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/self-invoicing-time-of-supply-for-suppliers-under-rcm\/","title":{"rendered":"Self-invoicing, Time of supply for Suppliers under RCM"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a00a006e0325\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a00a006e0325\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/self-invoicing-time-of-supply-for-suppliers-under-rcm\/#Self-invoicing_Time_of_supply_for_registered_Unregistered_suppliers_under_RCM\" title=\"Self-invoicing, Time of supply for registered &amp; Unregistered suppliers under RCM \">Self-invoicing, Time of supply for registered &amp; Unregistered suppliers under RCM <\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/self-invoicing-time-of-supply-for-suppliers-under-rcm\/#Time-Bound_Issuance_of_Self-Invoicing_for_Goods_or_Services_from_Unregistered_Suppliers\" title=\" Time-Bound Issuance of Self-Invoicing for Goods or Services from Unregistered Suppliers:\"> Time-Bound Issuance of Self-Invoicing for Goods or Services from Unregistered Suppliers:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/self-invoicing-time-of-supply-for-suppliers-under-rcm\/#Time_Limit_for_Issuing_Self-Invoices_New_Rule_47A\" title=\" Time Limit for Issuing Self-Invoices (New Rule 47A):\"> Time Limit for Issuing Self-Invoices (New Rule 47A):<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/self-invoicing-time-of-supply-for-suppliers-under-rcm\/#Time_of_Supply_for_Services_from_Unregistered_Suppliers\" title=\" Time of Supply for Services from Unregistered Suppliers:\"> Time of Supply for Services from Unregistered Suppliers:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/self-invoicing-time-of-supply-for-suppliers-under-rcm\/#Time_of_Supply_for_Services_from_Registered_Suppliers_under_RCM\" title=\" Time of Supply for Services from Registered Suppliers under RCM:\"> Time of Supply for Services from Registered Suppliers under RCM:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/self-invoicing-time-of-supply-for-suppliers-under-rcm\/#Self-invoicing_of_RCM_is_not_done_within_30_days\" title=\"Self-invoicing of RCM is not done within 30 days\">Self-invoicing of RCM is not done within 30 days<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/self-invoicing-time-of-supply-for-suppliers-under-rcm\/#Key_Takeaways_in_Summary\" title=\"Key Takeaways in Summary :\">Key Takeaways in Summary :<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-27641\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/10\/GST-.png\" alt=\"GST Waiver Details\" width=\"828\" height=\"504\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/10\/GST-.png 552w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/10\/GST--300x183.png 300w\" sizes=\"(max-width: 828px) 100vw, 828px\" \/><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Self-invoicing_Time_of_supply_for_registered_Unregistered_suppliers_under_RCM\"><\/span><span style=\"color: #333399;\"><strong>Self-invoicing, Time of supply for registered &amp; Unregistered suppliers under RCM <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The recent changes effective from 1st November 2024 in the GST framework related to Self-Invoicing and the Time of Supply of Services under Reverse Charge Mechanism (RCM) introduce more structured timelines and compliance requirements. These changes aim to streamline compliance, especially in Reverse Charge Mechanism transactions, ensuring that taxpayers maintain proper records and issue timely self-invoices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Time-Bound_Issuance_of_Self-Invoicing_for_Goods_or_Services_from_Unregistered_Suppliers\"><\/span><span style=\"color: #000080;\"><strong> Time-Bound Issuance of Self-Invoicing for Goods or Services from Unregistered Suppliers:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Amendment to Section 31(3)(f) of Finance Act (No. 2), 2024:<\/strong>\n<ul>\n<li>Previous Position: There was no specific time limit for issuing self-invoices for services or goods received from unregistered suppliers under Reverse Charge Mechanism.<\/li>\n<li>New Rule: A time limit for issuing self-invoices is now mandated, allowing the government to prescribe a specific deadline for such invoicing.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Time_Limit_for_Issuing_Self-Invoices_New_Rule_47A\"><\/span><span style=\"color: #000080;\"><strong> Time Limit for Issuing Self-Invoices (New Rule 47A):<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Introduction of Rule 47A (Notification No. 20\/2024 \u2013 CT):\n<ul>\n<li>Self-Invoices must be issued within 30 days from the date of receipt of goods or services from an unregistered supplier under Reverse Charge Mechanism.<\/li>\n<li>This creates a clear obligation on registered taxpayers to timely issue self-invoices when transacting with unregistered suppliers, enhancing compliance.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Time_of_Supply_for_Services_from_Unregistered_Suppliers\"><\/span><span style=\"color: #000080;\"><strong> Time of Supply for Services from Unregistered Suppliers:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Amendment to Section 13(3) of Finance Act (No. 2), 2024:<\/strong>\n<ul>\n<li>Time of Supply for services received from unregistered suppliers under Reverse Charge Mechanism is now explicitly linked to the date of issuance of the self-invoice.<\/li>\n<li>The time of supply is the earlier of:\n<ul>\n<li>Date of payment to the supplier, or<\/li>\n<li>The date of issuance of the self-invoice.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Time_of_Supply_for_Services_from_Registered_Suppliers_under_RCM\"><\/span><span style=\"color: #000080;\"><strong> Time of Supply for Services from Registered Suppliers under RCM:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Amendment to Section 13(3) of Finance Act (No. 2), 2024:<\/strong>\n<ul>\n<li>For services received from registered suppliers under Reverse Charge Mechanism, the time of supply remains the earlier of:\n<ul>\n<li>The date of payment to the supplier, or<\/li>\n<li>60 days from the date of the supplier&#8217;s invoice.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Self-invoicing_of_RCM_is_not_done_within_30_days\"><\/span><span style=\"color: #000080;\"><strong>Self-invoicing of RCM is not done within 30 days<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>If self-invoicing of Reverse Charge Mechanism is not done within 30 days, you may face interest and penalties for non-compliance. The exact penalties can vary and not clearly specified, but generally, you may be charged interest on the unpaid tax from the due date until the tax is paid. Additionally, there could be general penal provisions applied for failing to meet the compliance requirements.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Key_Takeaways_in_Summary\"><\/span><span style=\"color: #000080;\"><strong>Key Takeaways in Summary<\/strong> <\/span>:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Self-invoicing now has a fixed deadline of 30 days for services\/goods from unregistered suppliers.<\/li>\n<li>Time of supply for services from unregistered suppliers is closely linked to the self-invoice date, ensuring better alignment of compliance.<\/li>\n<li>Time of supply for registered suppliers under Reverse Charge Mechanism still adheres to the 60-day rule or the date of payment, whichever is earlier.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-30796\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/10\/rcm.jpeg\" alt=\"RCM\" width=\"1280\" height=\"2224\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/10\/rcm.jpeg 1280w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/10\/rcm-173x300.jpeg 173w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/10\/rcm-589x1024.jpeg 589w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/10\/rcm-768x1334.jpeg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/10\/rcm-884x1536.jpeg 884w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/10\/rcm-1179x2048.jpeg 1179w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/10\/rcm-800x1390.jpeg 800w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Self-invoicing, Time of supply for registered &amp; Unregistered suppliers under RCM The recent changes effective from 1st November 2024 in the GST framework related to Self-Invoicing and the Time of Supply of Services under Reverse Charge Mechanism (RCM) introduce more structured timelines and compliance requirements. These changes aim to streamline compliance, especially in Reverse Charge &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10020,1],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/27648"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=27648"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/27648\/revisions"}],"predecessor-version":[{"id":30797,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/27648\/revisions\/30797"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=27648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=27648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=27648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}