Apr 16, 2024
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What is the time of supply of goods in case of tax payable under reverse charge?

The time of supply will be the earliest of the following dates:

  1. date of receipt of goods; or
  2. date of payment as per books of account or date of debit in bank account, whichever is earlier; or
  3. the date immediately following 30 days from the date of issue of invoice by the supplier.
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tax-payabletime-of-supply-of-goods30-daysdate-of-receipt-of-goodsunder-reverse-chargedate-of-payment