continuous supply of goods means a supply of goods which is provided, or agreed to be provided, continuously or on recurrent basis, under a contract, whether or not by means of a wire, cable, pipeline or other conduit, and for which the supplier invoices the recipient on a regular or periodic basis and includes supply of such goods as the Government may, subject to such conditions, as it may, by notification, specify;
continuous supply of goods means a supply of goods which is provided, or agreed to be provided, continuously or on recurrent basis, under a contract, whether or not by means of a wire, cable, pipeline or other conduit, and for which the supplier invoices the recipient on a regular or periodic basis;
continuous supply of goods means a supply of goods which is provided, or agreed to be provided, continuously or on recurrent basis, under a contract, whether or not by means of a wire, cable, pipeline or other conduit, and
More Definitions of continuous supply of goods
continuous supply of goods means a supply of goods which is
continuous supply of goods means a supply
continuous supply of goods means a supply of goods which is provided, or agreed to be provided, continuously or on recurrent basis,
continuous supply of goods. MEANS A SUPPLY OF GOODS WHICH ISPROVIDED, OR AGREED TO BE PROVIDED, CONTINUOUSLY OR ON RECURRENTBASIS, UNDER A CONTRACT, WHETHER BY MEANS OF A WIRE, CABLE, PIPELINE OROTHER CONDUIT, AND FOR WHICH THE SUPPLIER INVOICES THE RECIPIENT ON AREGULAR OR PERIODIC BASIS AND INCLUDES SUPPLY OF SUCH GOODS AS THEGOVERNMENT MAY, SUBJECT TO SUCH CONDITIONS, AS IT MAY, SPECIFY; THE FOLLOWING ASPECTS NEED TO BE NOTED:BY NOTIFICATION, IT SHOULD BE A CONTRACT FOR SUPPLY ON A ONE-TIME SUPPLY CONTRACT;RECURRENT BASIS AND CANNOT BE A THE BILLING AND RECEIPTS THERETO SHOULD BE ON A PERIODIC BASIS (E.G.:EVERY FORTNIGHT; EVERY MONDAY ETC.) AND NOT ONE-TIME. FURTHER, THECONTRACT SHOULD SPECIFY THIS PERIODICITY/ FREQUENCY OF BILLING/ PAYMENT; EXAMPLES OF CONTINUOUS SUPPLY OF GOODS ARE:
continuous supply of goods means a supply of goods which is provided, or agreed to be provided, continuously or on recurrent ba sis, under a contract, w hether or not by m e a n s of a wire, c able, pip elin e or ot h er conduit, and for which the supplier invoices the recipient on a regular or periodic basis and in clu d e s s u pply of s u c h g oo d s a s t h e Government may, subject to such conditions, as it may, by notification, specify;
continuous supply of goods means a supply of goods which is provided, or agreed to be provided, continuously or on recurrent basis, under a contract, whether or not by means of a wire, cable, pipeline or other conduit, and for which the supplier invoices the recipient on a regular or periodic basis and includes supply of such goods as the Government may, subject to such conditions, as it may, by notification, specify.Example: Open purchase orders with an understanding of fortnightly billing, Supply of gases through pipelines with a weekly billing scheduleSection 2(33)
continuous supply of goods means a supply of goods which is provided, or agreed to be provided, continuously or on recurrent basis, under a contract, whether or not by means of a wire, cable, pipeline or other conduit, and for which the supplier invoices the recipient on a regular or periodic basis. In addition, the Central or a State Government may, on the recommendation of the GST Council, specify, by notification, the supply of goods that shall be treated as continuous supply of goods.