<p><span style="font-size:14px"><span style="background-color:white"><span style="color:#333333">Vide section 12 of the CGST/SGST Act, time of supply in case of goods, shall be earlier of the following:</span></span></span></p>

<p style="text-align:justify">&nbsp;</p>

<ol>
	<li style="text-align:justify">
	<p><span style="font-size:14px"><span style="background-color:white"><span style="color:#333333">Date of issue of invoices by the supplier or the last date on which he/she is required to issue the invoices under section 31, with respect to the supply; or</span></span></span></p>
	</li>
	<li style="text-align:justify">
	<p><span style="font-size:14px"><span style="background-color:white"><span style="color:#333333">Date on which the supplier receives the payment with respect to the supply.</span></span></span></p>
	</li>
</ol>

<p style="text-align:justify">&nbsp;</p>

<p style="text-align:justify"><span style="font-size:14px"><span style="background-color:white"><span style="color:#333333">Vide Notification No. 66/2017-Central Tax dated 15 November 2017, the government has practically done away with the liability to pay tax at the time of receipt of payment in case of goods.</span></span></span></p>