Determine the time of supply in the following transactions: Ram purchases goods worth ₹ 10,000 on 10.01.2021 and later on paid ₹ 10,600 with interest on 10.03.2021. Mention the time of supply for the interest payment of

Time of Supply to the extent it relates to an addition in the value of supply by way of interest, late fee or penalty for delayed payment of any consideration shall be the date on which such supplier receives such additions in value. Hence, in this case the time of supply for ₹ 10,000 shall be 10.1.2021 and the time of supply for interest i.e. ₹ 600 shall be 10.03.2021.