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Define the term “Time of Supply”.

Question

Define the term “Time of Supply”.

Expert Answer
Answered 05 Aug 2022
2320 views

Time of Supply can be defined as the point at which the liability to charge GST arises. It indicates a time at which a particular supply of goods and/or services is deemed to be made. The acts and rules of GST law provide separate time of supply in case of goods and services.

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