For continuous supplies of goods, when is the time of supply determined?

Time when each payment is received

Time when each invoice is issued

Time when each statement is received

What is the time of supply for goods in the case of reverse charge basis?

Date of payment as entered in the books of accounts of the recipient

Date of payment debited in the recipient's bank account

Date immediately following thirty days from the date of the invoice

In the case of goods, when does the time of supply occur if tax is paid on a forward basis?

Date of issue of invoice by the supplier

Date of receipt of payment by the supplier

Date of payment as entered in the books of accounts of the recipient

When does the time of supply occur for vouchers exchangeable for goods?

Date of redemption of the voucher

Date of payment for the voucher

Date of invoice for the voucher

When none of the specified provisions in Section 13 of the CGST Act can be applied, what determines the time of supply for services?

Due date of filing the periodical returns

Date of payment as per the supplier's books of accounts

Date of payment as per the recipient's books of accounts

What is the time of supply for services in the case of reverse charge basis?

Date of payment credited to the supplier's bank account

Date of payment debited in the recipient's bank account

Date immediately following sixty days from the date of the invoice

In the case of services, when does the time of supply occur if tax is liable to be paid on a forward basis?

Date of issue of invoice by the supplier

Date of payment credited to the supplier's bank account

Date of receipt of payment by the supplier

What is the time of supply for interest, late fee, or penalty added as an additional consideration for supplies made?

Date of payment for such additional consideration

Date of issuance of the invoice for the additional consideration

Date of entry in the books of accounts of the recipient

Date of receipt of such additional consideration by the supplier

Time of Supply Free MCQ Practice Test with Solutions

	Goods and Services Tax (GST) 130 videos\|45 docs\|14 tests

	Goods and Services Tax (GST) 130 videos\|45 docs\|14 tests

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