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of <h1>GST Law Clarifies Time of Supply Rules: Invoice, Payment, and Receipt Dates Determine Tax Liability Precisely</h1> The statutory provision details the time of supply for goods under GST law. Tax liability arises at the time of supply, determined by the earliest of: invoice date, last date for invoice issuance, or payment receipt date. For reverse charge supplies, time of supply is based on goods receipt, payment date, or 30 days from invoice issuance. If time of supply cannot be determined, it defaults to return filing date or tax payment date. The provision also covers additional value additions like interest or penalties.
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