Rule 47 CGST Rules 2017 : Time limit for issuing tax invoice

By | July 13, 2017
(Last Updated On: July 5, 2018)

 Rule 47 CGST Rules 2017

Summary of Rule 47 CGST Rules 2017

( Rule 47 CGST Rules 2017 explains Time limit for issuing tax invoice  and is covered in Chapter VI Tax Invoice, Credit and Debit Notes : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.)

Rule 47 CGST Rules 2017

Time limit for issuing tax invoice

47. The invoice referred to in rule 46, in the case of the taxable supply of services, shall be issued within a period of thirty days from the date of the supply of service:

Provided that where the supplier of services is an insurer or a banking company or a financial institution, including a non-banking financial company, the period within which the invoice or any document in lieu thereof is to be issued shall be forty five days from the date of the supply of service:

Provided further that an insurer or a banking company or a financial institution, including a non-banking financial company, or a telecom operator, or any other class of supplier of services as may be notified by the Government on the recommendations of the Council, making taxable supplies of services between distinct persons as specified in section 25, may issue the invoice before or at the time such supplier records the same in his books of account or before the expiry of the quarter during which the supply was made.


 Rule 47 CGST Rules 2017

Also refer CBIC Website Click here 


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