Section 12
Time of supply of goods
In force
Section 12. Time of supply of goods.
(1) The liability to pay tax on goods shall arise at the time of supply, as determined in accordance with the provisions of this section. (2) The time of supply of goods shall be the earlier of the following dates: (a) the date of issue of invoice by the supplier or the last date on which he is required to issue the invoice; or (b) the date on which the supplier receives the payment with respect to the supply.
Sources & verification
- • Statutory text: View source
- • CBIC reference: cbic-gst.gov.in/sec-12.html
- Source confidence: Pending verification
Quick facts
- Section
- 12
- Chapter
- IV
- Amendments
- 0
- Notifications
- 0
- Circulars
- 0
- Case laws
- 0
- Linked rules
- 0