{"id":694,"date":"2025-09-09T14:50:56","date_gmt":"2025-09-09T09:20:56","guid":{"rendered":"https:\/\/www.caclubindia.com\/guide\/?p=694"},"modified":"2025-09-10T17:28:23","modified_gmt":"2025-09-10T11:58:23","slug":"gst-rates","status":"publish","type":"post","link":"https:\/\/www.caclubindia.com\/guide\/gst-rates\/","title":{"rendered":"Supply vs. Invoice vs. Payment: Which GST Rate Applies as per the Changes?"},"content":{"rendered":"\n

The “time of supply” is a fundamental concept in GST that dictates the point at which a tax obligation arises. It signifies the precise instance when goods or services are deemed delivered, which fixes the due date for remitting GST to the government. This framework is critical for regulatory compliance and for applying the accurate tax rate, particularly when rates are revised. Separate criteria exist for identifying the taxable event for goods versus services, primarily based on the earlier of key events, such as the issuance of an invoice or receipt of payment.<\/p>\n\n\n\n

The applicable GST rate is determined based on whether the time of supply<\/a><\/strong> occurred prior to or following the enactment of the rate change.<\/p>\n\n\n\n

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