s 12 Time of supply: directions and regulations
12.—(1) Despite sections 11, 11A, 11B and 11C, the Comptroller may, at the request of a taxable person, by direction in writing alter the time at which supplies made or received by the taxable person (or such supplies made or received by the taxable person as may be specified in the direction) are treated as taking place, either —(a) by directing that those supplies be treated as taking place —(i) at times or on dates determined by or by reference to the occurrence of some event described in the direction; or (ii) at times or on dates determined by or by reference to the time when some event so described would in the ordinary course of events occur, the resulting times or dates being in every case earlier than would otherwise apply; or (b) by directing that those supplies (to the extent that they are not treated as taking place at the time any invoice is issued or any consideration is received or paid in respect thereof) be treated as taking place —(i) at the beginning of the relevant working period (as defined in the taxable person’s case in and for the purposes of the direction); or (ii) at the end of the relevant working period (as so defined).[20/2010; 52/2018] (1A) Despite sections 11, 11A and 11B, the Comptroller may, at the request of a registered (Seventh Schedule — pay only) person, by direction in writing alter the time at which any specified supply made by the person (whether or not a Seventh Schedule supply) is to be treated as taking place, by directing that that supply be treated as taking place at the time or on the date determined by or by reference to the occurrence of some event described in the direction, whether the resulting time or date is earlier or later than the time or date that would otherwise apply.[Act 34 of 2021 wef 01/01/2022] (1B) No event may be specified in the direction which results in a time or date —(a) that is later than the time or date that would otherwise apply; and (b) where the period between —(i) the time or date that would otherwise apply; and (ii) the resulting time or date, is more than that of a single prescribed accounting period applicable to the registered (Seventh Schedule — pay only) person. [Act 34 of 2021 wef 01/01/2022] (2) Despite sections 11, 11A, 11B and 11C, the Minister may by regulations —(a) make provision with respect to the time at which (despite sections 11, 11A, 11B, 11C and 38(4)) a supply is treated as taking place in cases where —(i) it is a supply of goods or services for a consideration the whole or part of which is determined or payable periodically, or from time to time, or at the end of any period; (ii) it is a supply of goods for consideration the whole or part of which is determined at the time when the goods are appropriated for any purpose; or (iii) there is a supply to which sections 27, 37A, 38 and 38A apply; and (b) prescribe when consideration for a supply of goods or services of a specified type, or provided in a specified manner, is to be regarded as having been received or paid.[20/2010; 37/2017; 52/2018] (3) Regulations made under subsection (2)(a) may provide for goods or services to be treated as separately and successively supplied at prescribed times or intervals.[20/2010]