Chapter - VI of CGST Rules, 2017
TAX INVOICE, CREDIT AND DEBIT NOTES
RULE 47. Time limit for issuing tax invoice (corresponding section 31)
The invoice referred to in rule 46, in the case of the taxable supply of
services, shall be issued within a period of thirty days from the date of
the supply of service:
Provided that where the supplier of services is an insurer or a banking company
or a financial institution, including a non-banking financial company, the
period within which the invoice or any document in lieu thereof is to be issued
shall be forty five days from the date of the supply of service:
Provided further that an insurer or a banking company or a financial
institution, including a non-banking financial company, or a telecom operator, or
any other class of supplier of services as may be notified by the Government on
the recommendations of the Council, making taxable supplies of services between
distinct persons as specified in section 25, may issue the invoice before or at
the time such supplier records the same in his books of account or before the
expiry of the quarter during which the supply was made.