https://www.taxtmi.com/article/detailed?id=17229 GST Time of Supply determines when tax liability arises, affecting reporting, payment, applicable rate, input tax credit timing and interest exposure. For goods, the earliest of invoice issuance, the last permissible invoice date or payment receipt generally governs. Services depend on invoice date, service provision and payment receipt. Reverse charge shifts liability to the recipient under separate timing rules. Vouchers, continuous supplies, advances and rate changes require specific analysis. Accurate invoices, contracts, payment records and reconciliations are essential to prevent short payment, interest and reporting disputes. en-us Thu, 20 Aug 2026 08:15:32 +0530 Thu, 20 Aug 2026 08:15:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17229 GST Time of Supply determines when tax liability arises, affecting reporting, payment, applicable rate, input tax credit timing and interest exposure. For goods, the earliest of invoice issuance, the last permissible invoice date or payment receipt generally governs. Services depend on invoice date, service provision and payment receipt. Reverse charge shifts liability to the recipient under separate timing rules. Vouchers, continuous supplies, advances and rate changes require specific analysis. Accurate invoices, contracts, payment records and reconciliations are essential to prevent short payment, interest and reporting disputes. Articles Goods and Services Tax - GST Thu, 20 Aug 2026 08:15:32 +0530 https://www.taxtmi.com/article/detailed?id=17229