Time period within which invoice has to be issued in a case involving continuous supply of SERVICES
In case of continuous supply of services,
(a) where the due date of payment is ascertainable from the contract, the invoice shall be issued on or before due date of payment.;
(b) 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.;
(c) 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.
505 total views, 2 views today
Please follow and like us:
