When to report supplies in GST returns

Key requirements

A bill or debit note requesting payment can be an invoice for this rule; a normal pro-forma invoice or sales order generally is not. Payment dates depend on the method: bank receipt for transfers, banking-in for cheques and the intermediary’s transfer date for specified payment facilities. Continuous services use the same earlier-event approach for periodic billing and payment. Approval or sale-or-return goods have an additional twelve-month limit from removal, subject to the stated rules. A refundable security deposit is not automatically consideration. Preserve invoice issue and actual payment dates rather than using delivery or the book-entry date alone.