Continuous supplies refer to supply of goods or services on a recurrent basis, under a contract for which the supplier invoices the recipient on a periodic basis and receives the payment before the completion of the contract. This usually applies to a contract having a longer duration. This is also known as progressive billing because series of invoices are prepared at different stages of the project to seek payment for the percentage of work that has been completed.

The time of supply for continuous supplies or contract which involves progressive billing will be the earliest of the date of tax invoice, the due date of payment as shown on the tax invoice or the date of receipt of payment.

Note: This is applicable only if periodic payments or consecutive invoices does not exceed one year from the date of the provision of such goods and services.