There is an exception for the said rule in the case of supply of services by a bank or an insurance coverage company or financial institution or non-banking monetary business, the very same can be issued within 45 days and the gst online document can be tax invoice or any other document in lieu of tax invoice. It is the spot exactly where services are supposed to be provided or goods are deemed to be sold as per GST law. 27 - The notion of payment of tax on manufacture of goods, on sales, provision of service is replaced by a single tax point called Time of Supply” in GST.Basic and simple to administer:

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