Impact of Revised GST Rates on Time of Supply: Determining Time of Supply for Invoices.

Time of supply is crucial for determining when to pay tax and file GST returns
Section 14 of GST Act provides provisions for time of supply for goods and services
For goods, time of supply is earliest of invoice issue, payment receipt, or last date for invoice issue
For services, time of supply is earliest of invoice issue, payment receipt, or date of supply if no invoice
Tax rate changes impact time of supply, depending on when goods/services were supplied and when payment was made
Date of receipt of payment is considered as the date of credit in the bank account, after four working days

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.