Whether time of supply is compiled for goods sent on approval?

In case of supply on approval basis, the time of supply shall be the time at which it is known whether a supply will take place or six months from the date of supply, whichever is earlier. GSTGSS Software compiles Time of supply for goods sent on approval.

Benefits :

  • Reduces the compliance burden also when compared to the consignment sales method under GST.

  • Keeps your business GST Compliant

  • You can manage invoicing and payment process easily

  • Under sale on approval basis, GST ensures that the working capital is not blocked on the tax amount unlike consignment sale, making it a more feasible option for businesses.
time of supply

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