Time of Supply under GST is one of the most important GST concepts every taxpayer, CA student, and professional must understand clearly. In this reel, I’ve simplified Section 12 of the CGST Act covering time of supply of goods, both under forward charge and reverse charge mechanism. We’ve also explained how GST on vouchers, interest, late fees & penalties, and miscellaneous provisions like residuary cases are determined under GST. Whether you’re dealing with movement of goods, no movement, advan

With the aim of implementing 'One Nation, One Tax’ , Goods & Services Tax (GST) was rolled out on 1st July 2017 under the leadership of Hon'ble Prime Minister Narendra Modi and the GST regime is completing six years on July 1, 2023. Hailed as one of the biggest tax reforms of the country, GST subsumed many indirect taxes which were imposed by Centre and states such as excise, VAT, and service tax. It is levied on both goods and services sold in the country. GST is a prime example of cooperative