Moon Ltd purchased cotton from agriculturists in respect of which it has to pay GST under reverse charge mechanism. It received the goods on 15th April, 2022. The payment was made to the supplier of goods on 5th May, 202
CS Executive · Tax Laws · PYQS · June 2023
Moon Ltd purchased cotton from agriculturists in respect of which it has to pay GST under reverse charge mechanism. It received the goods on 15th April, 2022. The payment was made to the supplier of goods on 5th May, 2022 which was debited in the bank account as reflected in the bank statement of Moon Ltd on 12th May, 2022. What is the time of supply in this case?
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: GST
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