Time of supply determines GST liability: earliest of payment receipt, invoice issuance, or completion of supply. Liability to pay GST arises at the time of supply of goods and services. The time of supply is generally the earliest of receipt of payment, issuance of ... Summary
Time of supply determines GST liability: earliest of payment receipt, invoice issuance, or completion of supply.
Liability to pay GST arises at the time of supply of goods and services. The time of supply is generally the earliest of receipt of payment, issuance of an invoice, or completion of the supply, with different situations creating distinct tax points.
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