Time of supply in case of ‘Deposit Works’

In re Uttar Pradesh Avas Evam Vikas Parishad (GST AAR Uttar Pradesh)

i. What is the time of supply in case of ‘Deposit Works’ being executed by the applicant- Whether it is the time of receipt of funds from the client government department or the time when expenditure incurred towards execution of the work is debited to ‘Deposit Works account’?

Ans: The time of supply in case of ‘Deposit Works’ being executed by the applicant will be the time of receipt of funds from the client government department.

ii. What shall be the value of supply in aforementioned two alternatives?

Ans: The value of the supply, on the advance payment received by the applicant, will be the amount of advance received by the applicant towards that particular work/supply.

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