Date of receipt of payment defined as the earliest of accounting entry or bank credit for GST time-of-supply. Date of receipt of payment for GST is the earliest of the date on which the payment is entered in the supplier's books of account or the date on which the payment is credited to the supplier's bank account, and determines recognition for time of supply.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Date of receipt of payment defined as the earliest of accounting entry or bank credit for GST time-of-supply.
Date of receipt of payment for GST is the earliest of the date on which the payment is entered in the supplier's books of account or the date on which the payment is credited to the supplier's bank account, and determines recognition for time of supply.
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