When does liability to pay GST arise in case of supply of goods?

A) On raising of invoice B) At the time of supply of goods C) On receipt of payment D) Earliest of any of above

Answer & Solution

Correct Answer: Option D

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Question posted by Examveda

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5 Comments

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Abinash Ojha 3 years ago

Given answer is wrong, there is no liability to pay tax on advance in case of goods. The answer needs to be modified

Abhilash Krishnan 6 years ago

Not No. 66/2017 read with Sec 12(2)(a) liability to pay tax on goods arises only on the day in which invoice is issued or ought to have been issued as per section 31
no liability to pay tax on advances in case of goods
given answer is wrong

Jotindra Ghosh 7 years ago

how is possible

Indrani Tripathi 8 years ago

As per recent amendment notification released by GST Council for goods the premise of "payment date" has been removed ,now Time of supply is - date of invoice or date when invoice is ought to be issued u/s 31(1).

Indrani Tripathi 8 years ago

Changed to 100 lakhs ( for special category states : 75 lakhs except Jammu & Kashmir ;
Uttrakhand )

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When does liability to pay GST arise in case of supply...

When does liability to pay GST arise in case of supply of goods?

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