How can I determine the time of supply of goods in case of reverse charge mechanism?
How can I determine the time of supply of goods in case of reverse charge mechanism?
Jeeba Jul. 10, 2018
Act has defined the time of supply in case tax is payable on reverse charge mechanism. As per the act, the time of supply will be the earliest of the following dates:
a) date of receipt of goods; or
b) date on which payment is made; or
c) the date immediately following 30 days from the date of issue of invoice by the supplier.
