Time of Supply of Goods determines when GST liability arises for forward, reverse, promoter and voucher transactions. Time of supply fixes when GST liability arises for goods; section 12 sets rules for supplies under forward charge, reverse charge, real estate promoter transactions, voucher based supplies, a residual provision, and additions to value such as interest or late fees. Invoice issuance timelines interact with these rules and affect when tax becomes payable.
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.
Time of Supply of Goods determines when GST liability arises for forward, reverse, promoter and voucher transactions.
Time of supply fixes when GST liability arises for goods; section 12 sets rules for supplies under forward charge, reverse charge, real estate promoter transactions, voucher based supplies, a residual provision, and additions to value such as interest or late fees. Invoice issuance timelines interact with these rules and affect when tax becomes payable.
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