Nikita Khetan

This course covers the concepts of Time of Supply of goods, services, change in the rate of interest, section 12

CSEET

Time of Supply of Goods under forward charge (section 12(2))

Illustration on determining the time of Supply of Goods in case of forward charge (sec 12(2)(a))

Sec 12(4)- Time of Supply of Vouchers
Sec 12(5)- Time of Supply of goods under Residual case

Time of Supply of goods under Reverse Charge (Sec 12(3))

Sec 12(6)- Time of Supply in case of addition in value by way of interest, late fee/penalty and 
Revision of sec 12.

Sec 13(2)- Time of Supply of supply of services in case of Forward charge.

Illustration - Section 13(2)(b) and Section 13(2)(c)

Section 13(3)- Time of supply of service in case of Reverse charge and Illustration

Sec 13(4)- ToS in case of Vouchers
Sec 13(5)- Residual Case
Sec 13(6)- ToS in case of Enhancement in value due to Interest and Penalty

Value of Supply - Meaning
Definition of Related Person

Sec 15(1) - Transaction Value to be considered as Value of Supply

Sec 15(2)(a) - Taxes
Sec 15(2)(b) - Supplier obligation paid by recipient

Sec 15(2)(c)- Incidental Expenses
Sec 15(2)(d)- Int, late fee for delayed payment