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#Time of Supply

Time of Supply under GST refers to the point in time when goods or services are deemed to be supplied, determining the applicable tax rate and liability. It is crucial for businesses to correctly determine the time of supply to comply with GST regulations. The time of supply is generally the earliest of three events: the date of issuance of invoice, the date of receipt of payment, or the date of delivery of goods or completion of services. Understanding the time of supply helps businesses determine when to record transactions, calculate GST liabilities, and claim input tax credits. Overview of the concept of time of supply under GST and its significance for businesses.

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