{"id":5983,"date":"2023-12-06T12:51:16","date_gmt":"2023-12-06T07:21:16","guid":{"rendered":"https:\/\/simplemyfiling.com\/?p=5983"},"modified":"2023-12-06T12:54:09","modified_gmt":"2023-12-06T07:24:09","slug":"time-of-supply-under-goods-service-tax-a-detailed-analysis","status":"publish","type":"post","link":"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/06\/time-of-supply-under-goods-service-tax-a-detailed-analysis\/","title":{"rendered":"TIME OF SUPPLY UNDER GOODS &amp; SERVICE TAX: A DETAILED ANALYSIS"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"5983\" class=\"elementor elementor-5983\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a080083 e-flex e-con-boxed e-con e-parent\" data-id=\"a080083\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e301a2e eael-dual-header-content-align-center elementor-widget elementor-widget-eael-dual-color-header\" data-id=\"e301a2e\" data-element_type=\"widget\" data-widget_type=\"eael-dual-color-header.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\t\t        <div class=\"eael-dual-header\">\n\t\t\t\t<h2 class=\"title\"><span class=\"ez-toc-section\" id=\"TIME_OF_SUPPLY_UNDER_GOODS_SERVICE_TAX_A_DETAILED_ANALYSIS\"><\/span><span  class=\"lead solid-color\">TIME OF SUPPLY UNDER GOODS &amp; SERVICE TAX:<\/span> <span> A DETAILED ANALYSIS<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\" role=\"button\"><label for=\"item-69d3d50ec9030\" ><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input aria-label=\"Toggle\" aria-label=\"item-69d3d50ec9030\"  type=\"checkbox\" id=\"item-69d3d50ec9030\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/06\/time-of-supply-under-goods-service-tax-a-detailed-analysis\/#TIME_OF_SUPPLY_UNDER_GOODS_SERVICE_TAX_A_DETAILED_ANALYSIS\" title=\"TIME OF SUPPLY UNDER GOODS &amp; SERVICE TAX:  A DETAILED ANALYSIS\">TIME OF SUPPLY UNDER GOODS &amp; SERVICE TAX:  A DETAILED ANALYSIS<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/06\/time-of-supply-under-goods-service-tax-a-detailed-analysis\/#1_Time_of_Supply_of_Goods\" title=\"1. Time of Supply of Goods:\">1. Time of Supply of Goods:<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/06\/time-of-supply-under-goods-service-tax-a-detailed-analysis\/#i_Default_Rule\" title=\"(i) Default Rule:\">(i) Default Rule:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/06\/time-of-supply-under-goods-service-tax-a-detailed-analysis\/#ii_Time_of_Supply_for_Composition_Scheme_Suppliers\" title=\"(ii) Time of Supply for Composition Scheme Suppliers:\">(ii) Time of Supply for Composition Scheme Suppliers:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/06\/time-of-supply-under-goods-service-tax-a-detailed-analysis\/#iii_Time_of_Supply_for_Excess_Amount_in_Invoice\" title=\"(iii) Time of Supply for Excess Amount in Invoice:\">(iii) Time of Supply for Excess Amount in Invoice:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/06\/time-of-supply-under-goods-service-tax-a-detailed-analysis\/#iv_Time_of_Supply_for_Continuous_Supply_of_Goods\" title=\"(iv) Time of Supply for Continuous Supply of Goods:\">(iv) Time of Supply for Continuous Supply of Goods:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/06\/time-of-supply-under-goods-service-tax-a-detailed-analysis\/#v_Time_of_Supply_for_Goods_Sent_on_Approval_Basis\" title=\"(v) Time of Supply for Goods Sent on Approval Basis:\">(v) Time of Supply for Goods Sent on Approval Basis:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/06\/time-of-supply-under-goods-service-tax-a-detailed-analysis\/#vi_Time_of_Supply_under_Reverse_Charge_Mechanism_RCM\" title=\"(vi) Time of Supply under Reverse Charge Mechanism (RCM):\">(vi) Time of Supply under Reverse Charge Mechanism (RCM):<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/06\/time-of-supply-under-goods-service-tax-a-detailed-analysis\/#2_Time_of_Supply_of_Services\" title=\"2. Time of Supply of Services:\">2. Time of Supply of Services:<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/06\/time-of-supply-under-goods-service-tax-a-detailed-analysis\/#i_Default_Rule-2\" title=\"(i) Default Rule:\">(i) Default Rule:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/06\/time-of-supply-under-goods-service-tax-a-detailed-analysis\/#ii_Time_of_Supply_of_Services_under_RCM\" title=\"(ii) Time of Supply of Services under RCM:\">(ii) Time of Supply of Services under RCM:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/06\/time-of-supply-under-goods-service-tax-a-detailed-analysis\/#3_Time_of_Supply_of_GoodsServices_Common_Rules\" title=\"3. Time of Supply of Goods\/Services (Common Rules):\">3. Time of Supply of Goods\/Services (Common Rules):<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/06\/time-of-supply-under-goods-service-tax-a-detailed-analysis\/#i_Time_of_Supply_of_Vouchers_for_Goods_Services\" title=\"(i) Time of Supply of Vouchers for Goods &amp; Services:\">(i) Time of Supply of Vouchers for Goods &amp; Services:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/06\/time-of-supply-under-goods-service-tax-a-detailed-analysis\/#ii_Time_of_Supply_for_Addition_in_Value\" title=\"(ii) Time of Supply for Addition in Value:\">(ii) Time of Supply for Addition in Value:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/06\/time-of-supply-under-goods-service-tax-a-detailed-analysis\/#iii_Time_of_Supply_in_Construction_Projects_Post_1419\" title=\"(iii) Time of Supply in Construction Projects (Post 1.4.19):\">(iii) Time of Supply in Construction Projects (Post 1.4.19):<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/06\/time-of-supply-under-goods-service-tax-a-detailed-analysis\/#iv_Time_of_Supply_in_Case_of_Change_in_Tax_Rate\" title=\"(iv) Time of Supply in Case of Change in Tax Rate:\">(iv) Time of Supply in Case of Change in Tax Rate:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/06\/time-of-supply-under-goods-service-tax-a-detailed-analysis\/#v_Time_of_Supply_for_Residual_Cases\" title=\"(v) Time of Supply for Residual Cases:\">(v) Time of Supply for Residual Cases:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/06\/time-of-supply-under-goods-service-tax-a-detailed-analysis\/#Conclusion\" title=\"Conclusion:\">Conclusion:<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n\t\t\t\t<span class=\"subtext\"><\/span>\n\t\t\t\t<\/div>\n\t\n\t\t\n\t\t\n\t\t\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-375a9e09 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"375a9e09\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-515d5dcd\" data-id=\"515d5dcd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6580e071 elementor-widget elementor-widget-text-editor\" data-id=\"6580e071\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><!-- wp:group {\"layout\":{\"type\":\"constrained\"}} --><\/p>\n<div>\n<figure style=\"text-align: left;\">\n<ul>\n<li>\n<div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-sojdz-79elbk h-full\">\n<div class=\"react-scroll-to-bottom--css-sojdz-1n7m0yu\">\n<div class=\"flex flex-col pb-9 text-sm\">\n<div class=\"w-full text-token-text-primary\" data-testid=\"conversation-turn-482\">\n<div class=\"px-4 py-2 justify-center text-base md:gap-6 md:py-6 m-auto\">\n<div class=\"flex flex-1 text-base mx-auto gap-3 md:px-5 lg:px-1 xl:px-5 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem] } group final-completion\">\n<div class=\"relative flex w-full flex-col lg:w-[calc(100%-115px)] agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex flex-grow flex-col max-w-full\">\n<div class=\"min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto\" data-message-author-role=\"assistant\" data-message-id=\"737c554f-f147-41ce-ac4c-b619ce5b2328\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-cndfi-79elbk h-full\">\n<div class=\"react-scroll-to-bottom--css-cndfi-1n7m0yu\">\n<div class=\"flex flex-col pb-9 text-sm\">\n<div class=\"w-full text-token-text-primary\" data-testid=\"conversation-turn-23\">\n<div class=\"px-4 py-2 justify-center text-base md:gap-6 m-auto\">\n<div class=\"flex flex-1 text-base mx-auto gap-3 md:px-5 lg:px-1 xl:px-5 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem] } group final-completion\">\n<div class=\"relative flex w-full flex-col lg:w-[calc(100%-115px)] agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex flex-grow flex-col max-w-full\">\n<div class=\"min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto\" data-message-author-role=\"assistant\" data-message-id=\"edb024b9-af40-46a8-a3ca-b034b14f3231\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p><strong>Understanding Time of Supply under GST<\/strong><\/p>\n<p>Under the Goods and Services Tax (GST) law, the determination of tax liability is closely linked to the occurrence of the charging event, known as the Time of Supply. This concept is crucial for both goods and services and is governed by specific provisions outlined in Sections 12, 13, 14, and other relevant rules of the Central Goods and Services Tax (CGST) Act, 2017.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Time_of_Supply_of_Goods\"><\/span>1. <strong>Time of Supply of Goods:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4><span class=\"ez-toc-section\" id=\"i_Default_Rule\"><\/span>(i) Default Rule:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>The earlier of the date of issuing the invoice or the last day by which the invoice should have been issued.<\/li>\n<li>The date of receipt of payment.<\/li>\n<\/ul>\n<p><em>Notes:<\/em><\/p>\n<ul>\n<li>Date of payment is the earlier of entry in the books of accounts or the date credited to the bank account.<\/li>\n<li>Last date for invoice issuance is the date of removal of goods.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"ii_Time_of_Supply_for_Composition_Scheme_Suppliers\"><\/span>(ii) Time of Supply for Composition Scheme Suppliers:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Date of the invoice in case of turnover up to 1.5 Crore.<\/li>\n<li>Involving movement of goods: Date of invoice at the time of removal.<\/li>\n<li>In other cases: Date of delivery.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"iii_Time_of_Supply_for_Excess_Amount_in_Invoice\"><\/span>(iii) Time of Supply for Excess Amount in Invoice:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Date of issue of invoice or date of receipt of payment, as preferred by the supplier.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"iv_Time_of_Supply_for_Continuous_Supply_of_Goods\"><\/span>(iv) Time of Supply for Continuous Supply of Goods:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Time when each statement is issued or the time when each payment is received, whichever is earlier.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"v_Time_of_Supply_for_Goods_Sent_on_Approval_Basis\"><\/span>(v) Time of Supply for Goods Sent on Approval Basis:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Time when it becomes known that supply has taken place or six months from the date of removal, whichever is earlier.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"vi_Time_of_Supply_under_Reverse_Charge_Mechanism_RCM\"><\/span>(vi) Time of Supply under Reverse Charge Mechanism (RCM):<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Earlier of the date of receipt of goods, receipt of payment, or 30 days from the date of the invoice.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"2_Time_of_Supply_of_Services\"><\/span>2. <strong>Time of Supply of Services:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4><span class=\"ez-toc-section\" id=\"i_Default_Rule-2\"><\/span>(i) Default Rule:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Invoice issued within 30 days: Date of issue of invoice or receipt of payment, whichever is earlier.<\/li>\n<li>Invoice issued after 30 days: Date of provision of service or receipt of payment, whichever is earlier.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"ii_Time_of_Supply_of_Services_under_RCM\"><\/span>(ii) Time of Supply of Services under RCM:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>In India: Date of receipt of payment or 60 days from the date of the invoice, whichever is earlier.<\/li>\n<li>Outside India (Associated enterprises): Date of entry in the books of the recipient or date of receipt of payment, whichever is earlier.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"3_Time_of_Supply_of_GoodsServices_Common_Rules\"><\/span>3. <strong>Time of Supply of Goods\/Services (Common Rules):<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4><span class=\"ez-toc-section\" id=\"i_Time_of_Supply_of_Vouchers_for_Goods_Services\"><\/span>(i) Time of Supply of Vouchers for Goods &amp; Services:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>If supply is identifiable at the point of issue: Date of issue of voucher.<\/li>\n<li>If supply is not identifiable: Date of redemption of voucher.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"ii_Time_of_Supply_for_Addition_in_Value\"><\/span>(ii) Time of Supply for Addition in Value:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Date on which interest, late fees, or penalty is received by the supplier.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"iii_Time_of_Supply_in_Construction_Projects_Post_1419\"><\/span>(iii) Time of Supply in Construction Projects (Post 1.4.19):<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Date of issue of completion certificate or first occupation of the project, whichever is earlier.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"iv_Time_of_Supply_in_Case_of_Change_in_Tax_Rate\"><\/span>(iv) Time of Supply in Case of Change in Tax Rate:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Supply completed before the date of change: Date of receipt of payment within 4 working days or date of bank entry.<\/li>\n<li>Invoice issued before the date of change: Date of book entry or date of bank entry, whichever is earlier.<\/li>\n<li>Payment received before the date of change: Date of bank entry.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"v_Time_of_Supply_for_Residual_Cases\"><\/span>(v) Time of Supply for Residual Cases:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>For periodical return filers: Due date of filing the return.<\/li>\n<li>In other cases: Date of payment of tax.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Navigating the complexities of the time of supply provisions under GST is crucial for businesses and professionals. The government&#8217;s emphasis on collecting tax at the earliest necessitates a clear understanding of these provisions to ensure compliance and accurate reconciliation between financial and GST records. It is essential for businesses to stay updated on any amendments or changes in the GST law to maintain a seamless tax reporting process.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<\/ul>\n<\/figure>\n<\/div>\n<p><!-- \/wp:paragraph --><!-- wp:post-date \/--><!-- wp:post-author \/--><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>TIME OF SUPPLY UNDER GOODS &amp; SERVICE TAX: A DETAILED ANALYSIS Understanding Time of Supply under GST Under the Goods and Services Tax (GST) law, the determination of tax liability is closely linked to the occurrence of the charging event, known as the Time of Supply. This concept is crucial for both goods and services [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5764,"comment_status":"closed","ping_status":"open","sticky":false,"template":"elementor_theme","format":"standard","meta":{"_joinchat":[]},"categories":[464],"tags":[465,546],"blocksy_meta":"","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TIME OF SUPPLY UNDER GOODS &amp; SERVICE TAX: A DETAILED ANALYSIS | simplemyfiling<\/title>\n<meta name=\"description\" content=\"Delve into time of supply under Goods &amp; Service Tax: A detailed analysis. 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