https://www.taxtmi.com/caselaws?id=406068 GST liability on balance consideration for a flat purchase turned on the statutory time of supply rule in Section 13 of the CGST Act. The analysis states that, even though the balance amount was paid before GST commenced, the later exercise of the flat-purchase option brought the transaction within the GST framework because Section 13(2)(b) fixes tax incidence by the earlier of service provision or payment receipt, and its Explanation defines receipt of payment by reference to the supplier's books or bank account. The Explanation was treated as operative text that could not be ignored to defer tax incidence, and no error apparent justified review. en-us Wed, 31 Mar 2021 00:00:00 +0530 Mon, 24 Mar 2025 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406068 GST liability on balance consideration for a flat purchase turned on the statutory time of supply rule in Section 13 of the CGST Act. The analysis states that, even though the balance amount was paid before GST commenced, the later exercise of the flat-purchase option brought the transaction within the GST framework because Section 13(2)(b) fixes tax incidence by the earlier of service provision or payment receipt, and its Explanation defines receipt of payment by reference to the supplier's books or bank account. The Explanation was treated as operative text that could not be ignored to defer tax incidence, and no error apparent justified review. Case-Laws GST Wed, 31 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406068