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Accounting and Business Transactions - Class XI
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What is time of supply of goods liable to tax under reverse charge mechanism?
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A
Earlier of a/b/c
💡 Explanation:
Under the Reverse Charge Mechanism (RCM) for goods, the time of supply is determined by the earliest of the date of receipt of goods, the date of payment, or the date immediately following 30 days from the date of issue of the invoice.