Time of supply of partial periodical license fee by licensee will be date of issue of invoice

Where applicant, engaged in supply of Port services, licensed its lands and buildings to various port users for purpose of open storage/covered storage, and license for renting of immovable property is in force, but licensee does not pay or pays only partially periodical license fee to applicant as agreed in lease agreement, if rent invoice is issued before due date of payment as specified in agreement, time of supply as determined by section 13(2)(a) shall be date of issue of invoice or Rent Claim Advice and if invoice is issued after such due date of payment, time of supply as determined by section 13(2)(b) shall be date of provision of service which is end of recurrent period specified in agreement after which rent/license fee is to be paid

Source: taxmann.com

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