For example, there are many film stars who provide a lot of
services.
Like working in films is also a supply of service.
Shooting an ad film is also a supply of service.
Dancing at someone's wedding is also a supply of service.
So what is all this? Supply of services.
Let's try to understand this as an example.
Take the example of Akshay Kumar.
Akshay Kumar shoots a lot of ads.
He does a lot of brand endorsements.
He earns a lot of money from a lot of ads.
So the fees for brand endorsements, what are they basically
doing?
They are providing a supply of services.
They are providing advertising services to those companies.
They are providing acting services to those companies.
They must be raising an invoice for that.
They must be putting their GST on that invoice.
It's all a supply of services.
It's a simple thing. There is no problem.
Take it as an example.
Like Akshay Kumar got Sparks.
He does a lot of ads.
I remember very well that he does a lot of ads for Sparks.
Sir, do you follow a lot?
Don't you follow a lot?
You know everything about Sparks.
Son, I know because the shoe box in front of me has Sparks
written on it.
And Akshay Kumar is made on it.
And I can see it in front of me.
It's written below in a red box.
Add Sparks to your life.
Now what else should I add to my life?
I still don't understand which Spark he is talking about.
If you understand which Spark it is, then tell me as well.
Which Spark should I add to my life?
Come on.
Anyway, the thing was going on.
Like Akshay Kumar adds Sparks.
He gets a call from Sparks.
He says that there is a shooting for an ad.
They will give you 1 crore rupees.
You have to shoot for an ad.
The ad will be over in a day.
I said okay.
Sir, when will you do the ad?
He said I will do it on the first day of the year.
1st of January.
First day of the year.
New year.
New morning.
And I will come to shoot at 6 in the morning.
I wake up at 4.
So I will reach at 6 in the morning to shoot.
I will reach on 1st January.
Keep the set ready.
He said okay.
So on 1st January, the ad that you are coming to shoot for
Sparks, on 1st January, they started shooting for the ad.
And on 1st January, our shooting got over.
Sir, what happened in your eyes?
Son, something went in my eyes.
Anyway, no problem.
This is provision of service.
Sir, even when it went in your eyes, you are not stopping
the video?
You are not washing your face after stopping the video?
Son, continuity should not break.
Once the sequence breaks, it does not come again.
I believe that once you start something in a flow, you
start it.
After that, it becomes a little difficult to create that
flow again.
Anyway, the ad of Sparks was going on.
On 1st January, they did a provision of advertisement
service.
They are giving a service in a way.
They gave a service on 1st January.
They started shooting.
The shooting got over.
So what was it?
They gave a service.
Okay.
This is absolutely right.
Now, these film stars, they do not come alone anywhere.
Their entire team goes with them.
There are bodyguards, there are secretaries, there are
managers, there are accountants.
So, their accountant is also going with them.
So, their accountant, when the shooting was about to start
on 1st January, before that, he cut the bill and gave it to
the owner of Sparks.
Brother, take this bill.
The shooting will start in 1-2 hours.
This is our bill.
Rs. 1 crore is our advertisement.
The service that we are adding.
And according to 18%,
Rs. 18 lakhs GST is charged on it.
You give us that too.
Rs. 1 crore, Rs. 18 lakhs.
Okay. No problem.
No problem.
Invoice was also issued on 1st January.
Invoice was issued.
Now, the shooting of the ad was going on.
In the shooting, 5-6 hours passed.
7 hours passed.
8 hours passed.
The poor accountant is sitting idle.
He is thinking, what should I do?
He is walking with his laptop.
So, he thought, why not?
I will enter in the tally.
And I will enter in the tally.
First, I will ask the owner of Sparks.
I will talk to the owner of Sparks once.
Brother, are you making the payment now?
I will talk to the owner of Sparks once.
Brother, are you making the payment now?
Or will you make the payment after a few days?
So, the owner of Sparks was sitting there with the money.
He was sitting with the cheque book.
Cheque book.
Because he was sitting with the cheque book.
So, the accountant felt that maybe he should make the
payment today.
So, he asked the owner,
Sir, are you making the payment now?
Because I have already given you the invoice.
So, will you get the payment now or after a few days?
I want to make the payment somewhere else.
You do one thing.
I want to make the payment somewhere else.
But I will make the payment today.
He said, okay sir.
So, this accountant recorded the payment in his cheque book
on 1st January.
in his cheque book on 1st January.
On this basis, he felt that maybe he will get the payment
today.
The person in front of me who wants to make the payment, he
said, although I wanted to make the payment somewhere else,
but still I will make the payment.
That person assured me that he will make the payment.
So, here the accountant passed the entry in the cheque book
that okay, I have received the payment.
It was evening time.
Everyone had finished their shooting and started going home.
The cheque for the payment had not arrived yet.
This time,
Mr. Akshay Kumar himself went home.
He said, what happened?
Why are you not giving the payment?
He said, I am not giving the payment because I am thinking
to make you shoot 2-3 ads continuously.
Right now, I am making you shoot one ad.
So, you are charging 1 crore.
If I make you shoot 4 ads continuously, then how much will
you charge for 4 ads?
He said, I will charge 3 crores for 4 ads.
But, you are giving me 4 ads at a time.
So, I will give you a discount.
So, I will charge 3 crores for 4 ads.
So, he said, the owner of Sparks, he said this in a simple
manner, that okay, the total payment is 3 crores.
So, do one thing, forget about your 1 crore payment.
I will tell you to finish shooting all these 3-4 ads.
As soon as the shooting is over,
I will issue you the cheque.
Sir, it took some time for the shooting to get over.
Because, people are very busy.
It took 1-1.5 months.
Today, I did the shooting.
But, I didn't get the next date.
It took some more time.
It took 1-1.5 months.
After 2 months, in the month of March, that person finally,
the owner of Sparks, paid the payment to you on 1st March.
paid the payment to you on 1st March.
I have received the payment here.
Now, this is such a service,
For example, you are a Chartered Accountant.
You are handling Mr. Akshay Kumar's account.
He will ask you,
Sir, tell me, what is my time of supply?
Which date do I have to show that I have supplied the
services?
Which date do I have to show that I have supplied the
services?
Sir, you will be humiliated.
Such a big person.
If you handle the accounts, you will get a hefty fee.
Do you want to lose such a client?
No.
So, whatever you will do, you will pick up the books from
here and there, you will check, you will try to tell this
as soon as possible.
What will you check at that time?
First of all, you will check, did I issue the invoice on
time?
Did I issue the invoice on time?
What was the date to issue the invoice?
Either issue it before giving the service, or issue the
invoice within 30 days.
or issue the invoice within 30 days.
Either before the provision of service, or within 30 days,
from the date of provision of service.
In that case, you issued the invoice at the right time.
You issued the provision of service on 1st January, and you
issued the invoice on 1st January.
and you issued the invoice on 1st January.
This is absolutely right.
Invoice has been issued on time.
And when the invoice has been issued on time,
I have to check what are my future provisions.
The next provisions that I will follow, will be a
comparison of 3 dates.
will be a comparison of 3 dates.
My comparison will be of 3 dates.
What will be the first comparison?
Which date will be caught?
Date of issue of the invoice, that is 1st January.
1st January, date of issue of the invoice.
The second is, date on which payment is recorded in the
books.
I haven't received the payment yet,
I have recorded it in the books.
I have recorded the payment in the books.
I haven't received the payment yet.
I have passed the entry of the payment.
In that case, this is also 1st January.
And the third comparison is, date on which payment has been
credited date on which payment has been credited in the
supplier's bank account.
He is not talking about books of accounts.
He is talking about the bank account of the supplier of
services.
of the supplier of services.
The previous point was of books of accounts.
This is the point of the bank account.
When is the entry of the bank account being passed?
On 1st March, when I finally get the cheque.
Or when my RTGS is finalized.
So, out of these three dates, whichever is earlier will be
1st of January.
Whether you take this one or that one, it's the same thing.
So, time of supply.
Even though I got my payment on 1st of March.
But still, according to this provision, according to
Section 13, my 1st of January will be the time of supply of
service.
This is the point.
Is the point clear?
Have a look at it.