Sir/Mam, I have given a commercial property on rent. I am registered under GST. As per Rent Agreement, Due date of payment is 7th of the same month. For eg- Rent for sept month will be paid on 7th Sept itself. However, Tenant delays in making payment.
I have not issued Tax Invoice for June month for rent. As period of 30 days is over , so can we issue the bill for the month of June now ??
If yes, pls tell the provision in this regard in following cases —
a) If Rent has not been received till now ??
b) If Rent has been received in July month but Bill not raised for June month till now ??
Thanks ..
Renting services being continuous supply of services the invoice should be issued as per Sec 31(5) of the CGST Act,2017. As per clause (a) of said Section where the due date of payment is ascertainable from the contract , the invoice shall be issued on or before the due date of payment, else invoice will be issued at time when recipient receives the payment.
Please apply Section , as per facts of the case.
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