https://www.taxtmi.com/acts?id=25152 The statute fixes the time of supply as the point when tax liability arises: for standard supplies the earlier of invoice issue (or last required issue date) and payment receipt, with payment deemed at book entry or bank credit, and an option to treat small excess receipts as invoiced. For reverse charge supplies the earliest of goods receipt, payment recorded/debited, or expiry of a specified period after invoice governs, reverting to recipient's books if indeterminate. Voucher supplies are timed on issue if identifiable or on redemption; otherwise return filing or tax payment dates apply. Value additions by interest, fees or penalties take effect when received by the supplier. en-us Thu, 25 May 2017 10:31:50 +0530 Sat, 27 May 2017 10:46:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=25152 The statute fixes the time of supply as the point when tax liability arises: for standard supplies the earlier of invoice issue (or last required issue date) and payment receipt, with payment deemed at book entry or bank credit, and an option to treat small excess receipts as invoiced. For reverse charge supplies the earliest of goods receipt, payment recorded/debited, or expiry of a specified period after invoice governs, reverting to recipient's books if indeterminate. Voucher supplies are timed on issue if identifiable or on redemption; otherwise return filing or tax payment dates apply. Value additions by interest, fees or penalties take effect when received by the supplier. Act-Rules GST - States Thu, 25 May 2017 10:31:50 +0530 https://www.taxtmi.com/acts?id=25152