https://www.taxtmi.com/article/detailed?id=7161 Time of supply rules fix when CGST and SGST arise: generally the earlier of invoice issuance (or last invoicing date) and receipt of payment, with alternative triggers for reverse charge, vouchers, indeterminate cases (books entry, return filing or tax payment), and special provisions where the supplier is abroad. Change in tax rate shifts the applicable trigger depending on the sequencing of supply, invoice and payment. Valuation uses transaction value as the primary taxable base, including amounts paid on behalf of the recipient, non-GST statutory charges, incidental expenses, non-governmental subsidies linked to price, and interest; invoice-recorded pre-supply discounts are excluded and post-supply discounts under prior agreement are excluded subject to input tax credit reversal. en-us Wed, 28 Dec 2016 07:07:36 +0530 Wed, 28 Dec 2016 07:07:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7161 Time of supply rules fix when CGST and SGST arise: generally the earlier of invoice issuance (or last invoicing date) and receipt of payment, with alternative triggers for reverse charge, vouchers, indeterminate cases (books entry, return filing or tax payment), and special provisions where the supplier is abroad. Change in tax rate shifts the applicable trigger depending on the sequencing of supply, invoice and payment. Valuation uses transaction value as the primary taxable base, including amounts paid on behalf of the recipient, non-GST statutory charges, incidental expenses, non-governmental subsidies linked to price, and interest; invoice-recorded pre-supply discounts are excluded and post-supply discounts under prior agreement are excluded subject to input tax credit reversal. Articles Goods and Services Tax - GST Wed, 28 Dec 2016 07:07:36 +0530 https://www.taxtmi.com/article/detailed?id=7161