https://www.taxtmi.com/article/detailed?id=7056 The time of supply fixes GST liability: for goods it is the earliest of removal/availability, invoice issue, payment receipt (book entry or bank credit) or recipient accounting; continuous supplies, approval sales, reverse-charge supplies and unspecified cases have specified alternatives and fallbacks. For services, the earlier of invoice or payment (when timely), completion or payment (when late), recipient accounting, and special rules for continuous supplies, reverse charge, cessation of services and rate changes govern timing. Transaction value is the primary valuation method, with specified inclusions and prescribed valuation where transaction value cannot be applied. en-us Thu, 03 Nov 2016 08:40:54 +0530 Thu, 03 Nov 2016 08:40:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7056 The time of supply fixes GST liability: for goods it is the earliest of removal/availability, invoice issue, payment receipt (book entry or bank credit) or recipient accounting; continuous supplies, approval sales, reverse-charge supplies and unspecified cases have specified alternatives and fallbacks. For services, the earlier of invoice or payment (when timely), completion or payment (when late), recipient accounting, and special rules for continuous supplies, reverse charge, cessation of services and rate changes govern timing. Transaction value is the primary valuation method, with specified inclusions and prescribed valuation where transaction value cannot be applied. Articles Goods and Services Tax - GST Thu, 03 Nov 2016 08:40:54 +0530 https://www.taxtmi.com/article/detailed?id=7056