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The Time of Supply  under GST determines when GST becomes payable  to the government. It’s the point in time when goods or services are considered supplied — deciding the tax period and applicable GST rate . For Goods: GST liability arises at the earliest of — ✅ Date of invoice ✅ Date of payment ✅ Or the last date invoice should have been issued For Services: GST is payable at the earliest of — ✅ Date of invoice ✅ Or date of payment (if invoice issued within 30 days) Common Q

The revised GST rate structure under GST 2.0  is applicable from September 22, 2025 , as notified after the 56th GST Council Meeting . Key highlights: Common-use goods and essentials now fall under the 5%  slab. Standard goods and services are taxed at 18% . Luxury and sin goods may attract a higher rate of 28% or more . Understanding the Time of Supply: The time of supply  determines which GST rate applies — it depends on when the invoice is issued , goods/services are suppl