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of <h1>GST Supply Timing Rules: Key to Tax Liability for Goods & Services; Special Rules for Vouchers, Rate Changes</h1> The GST law outlines the time of supply for goods and services, crucial for determining tax liability. The time of supply for goods is the earliest of the invoice issuance date or payment receipt. For services, it is the earliest of invoice issuance, service provision, or payment receipt. Special rules apply for reverse charge, vouchers, and rate changes. Suppliers of goods, excluding composition dealers, pay GST upon invoice issuance. For vouchers, time of supply is issuance for single-purpose and redemption for general-purpose. Additions like interest or penalties are taxed upon receipt. Rate changes require specific time of supply determinations.
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