https://www.taxtmi.com/article/detailed?id=10612 Section 12 determines tax liability by reference to chronological triggers: for goods the time of supply is the earlier of invoice issuance (or last date to issue under section 31) and receipt of payment, with deeming rules that supply is to the extent covered by invoice or payment and payment counts from book entry or bank credit. Reverse charge supplies use the earliest of receipt of goods, recipient's payment entry or bank debit, or thirty days after supplier's invoice, with fallbacks to recipient's books; vouchers and continuous supplies have specific timing rules. en-us Wed, 17 Aug 2022 08:06:11 +0530 Wed, 17 Aug 2022 08:06:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10612 Section 12 determines tax liability by reference to chronological triggers: for goods the time of supply is the earlier of invoice issuance (or last date to issue under section 31) and receipt of payment, with deeming rules that supply is to the extent covered by invoice or payment and payment counts from book entry or bank credit. Reverse charge supplies use the earliest of receipt of goods, recipient's payment entry or bank debit, or thirty days after supplier's invoice, with fallbacks to recipient's books; vouchers and continuous supplies have specific timing rules. Articles Goods and Services Tax - GST Wed, 17 Aug 2022 08:06:11 +0530 https://www.taxtmi.com/article/detailed?id=10612