Determine the time of supply in case of following transactions on individual basis by briefly stating the relevant provisions: (i) M/s. Jhanvi Event…

(a) (i) The time for supply of services is the date of issue of invoice, if the same is issued within 30 days from the date of supply, OR the date of receipt of payment, whichever is earlier.In the given case, time of supply for receipt of booking amount of 25,000 is the date of receipt of booking amount on 4th February 2025 as date of receipt of payment is earlier than date of issue of invoice.The time of supply for 2,75,000 is the date of issue of invoice i.e. 12th March 2025 as the invoice is issued within 30 days of supply of service and date of issue of invoice is earlier than the date of receipt payment.So, time of Supply is 4th February 2025 for 25,000 and 12th March 2025 for balance amount of 2,75,000. (ii) Supply of services by a Goods Transport Agency (GTA) in respect of transportation of goods by road to any person registered under the CGST Act is taxable under Reverse Charge Mechanism (RCM) and the time for supply of services under RCM is earliest of the following dates: (a) The date of payment, or (b) The date immediately after 60 days from the date of issue of invoice by supplier, in case where the invoice is required to be issued by the supplier, or (c) Date of issue of Invoice by the recipient, in cases where invoice is to be issued by the recipient."Date of payment" refers to the date on which the payment is recorded in the books of account of the recipient of service, or the date on which the payment is debited from the recipient's bank account, whichever is earlier.Thus, date of payment is 18th February 2025.In the given case, the time of supply is 18th February 2025.