Jul 04, 2024
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What is the time period within which invoice has to be issued in a case involving continuous supply of services?

In case of continuous supply of services,

  • where the due date of payment is ascertainable from the contract, the invoice shall be issued on or before due date of payment.;
  • where the due date of payment is not ascertainable from the contract, the invoice shall be issued before or at the time when the supplier of service receives the payment.;
  • where the payment is linked to the completion of an event, the invoice shall be issued on or before the date of completion of that event.
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due-date-of-paymentcompletioncontractsupply-of-servicesinvoicedate-of-payment