Understanding Time of Supply Under Maharashtra GST Act 2017: Key Rules and Exceptions Explained

Under the Maharashtra Goods and Services Tax Act, 2017, the time of supply of goods, which determines the liability to pay tax, is the earlier of the invoice issuance date or the payment receipt date. If an excess payment up to one thousand rupees is received, the supplier can choose the invoice date for tax purposes. For reverse charge supplies, the time is the earliest of goods receipt, payment entry, or 30 days post-invoice. For vouchers, it's the issuance or redemption date. If undeterminable, it's the return filing date or tax payment date. Additional charges are taxed on receipt.

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