It is said that those who try never fail.
Those who fail are those who have never fought.
Once a house caught fire.
It was a very big house.
That house caught fire one day.
Two animals were sitting there.
A small bird and a monkey were sitting there.
The bird saw that the house was on fire.
The things in the house were burning one by one.
The house was built with a lot of hard work.
Within a short time, it fell apart.
It was about to collapse.
The bird was looking at it.
She started crying.
She couldn't help it.
She would go and pick up a drop of water from her well.
She went to that house and started pouring that water.
A monkey was sitting there.
He was laughing and smiling.
He was clapping very loudly.
He said,
Do you have the capacity to pour a drop of water and put
out the fire in the house?
Do you have the capacity to do that?
The bird said to the monkey,
I don't know if I am successful in what I am doing.
I don't know about it.
I don't know anything about it.
I don't know if a drop of water will put out the fire or
not.
But I do know one thing.
Whenever there is a story of a house on fire in the market,
I will definitely contribute to that story.
But your negativity will be abused by everyone.
Just like we are abusing that monkey today.
Sir, your effort and your efforts matter in life.
I have said this many times.
Nothing matters in life.
Today, you are thinking that there is such a big syllabus.
If there is such a big syllabus, how will it end?
How will you understand things one by one?
Sir, let me tell you one thing.
Remember that day when we started GST.
We broke down such a big chapter of supply and finished
that chapter.
Today, where is that chapter?
In what state is it?
We know everything.
The post-mortem of that chapter has been done.
And today, this chapter of time of supply will also end.
Gradually, we are moving forward.
If we are putting in effort, then we are moving forward.
No one will put in effort.
You have started watching the class.
You watch it during the day, at night or in the afternoon.
Whenever you get time, you watch it.
What is this showing?
Are you putting in effort?
Sir, the effort that you are putting in, remember that hard
work never goes to waste in life.
You will remember certain things in life.
The concepts that I am telling you, you will click
somewhere.
You will go for an interview.
You will be sitting in an interview.
Someone will ask you a question.
You will know certain things.
Sir, that is why I am telling you, don't stop putting in
effort.
Whenever you feel that you have done enough in life, you
should stop for a while.
You should rest for a while.
You should leave this work.
No.
You should rest only when God gives you a ticket card.
We don't have any right to rest before that.
A human being is born to put in effort, to work hard and to
achieve achievements.
It doesn't suit us to stop or get tired.
It doesn't suit us to cry.
That is why you should always put in effort.
If you put in effort, those who put in effort never lose.
People achieve many things by putting in effort.
Those who don't fight, lose.
Sir, time of supply of services under forward charge.
This was our topic.
Let's try to see the services in forward charge.
For example, there are CA services.
A CA gives services.
A film star or an actor gives acting services.
He gives acting services.
Like Akshay Kumar.
He acts in films.
He gives services.
There is supply of services.
If there are services, he will fill up the GST.
He will sit there and calculate in which month that service
was done.
In which month that service was supplied.
The month in which that service was supplied,
I will take the credit of ITC in that corresponding month.
I will file my return.
I will show that service in my GSTR return.
Let's see what he says.
There are two cases in this.
Time of supply of services under forward charge.
Let's see.
The first case is
Did you issue the invoice on time?
Yes or no?
What was the date of issuing the invoice?
What was the last date?
Section 31 was telling us in the case of services that what
is the date when you have to issue the invoice.
And that is either before the provision of service or
within 30 days from the provision of service.
Either before the service or within 30 days from the date
of provision of service.
Within 30 days you had to issue the invoice.
Now the question is
Did you issue the invoice on time?
Whether you have issued your invoice on time or not?
Here it is.
He says, yes, I have issued it.
I had given a service on 1st January and I have issued the
invoice on 15th January.
So, yes, I have issued the invoice on time.
So, what do we have to see in that case?
We have to see these three conditions.
What are the three conditions?
First is the date of issuance of the invoice.
That is 15th January.
What is 15th January?
Then the date on which payment is recorded in the books.
Date on which payment is recorded in the books.
Payment when you record it in books either that date or the
date on which payment is credited in the books.
Credited in the account, not books.
He is talking about the bank account.
Either the date of issue of the invoice when you issued the
invoice on the actual date.
Or when you entered the receipt of the payment in your
books.
You entered it in the bank account.
Not in the bank account.
You entered it in the account books.
That date.
Or which is the third one?
When the money is credited in the bank.
That date.
Whichever is earlier among these three, that will be
considered as the time of supply of service.