Time of supply for the purpose of GST
This article is based on the provisions of GST Act Section 17 and GST Regulation Section 14 to 22 ‘Time of supply’.
The general rule in determining the time of supply of goods and services is; the earlier of the time at which a tax invoice/receipt/credit or debit note is issued or time at which the recipient make the full or partial payment.
However, under some circumstances, the time of supply rule changes slightly. For example, where a payment for supplies has been agreed to be made within a specified period under an installment agreement, the time of supply shall
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