How to differentiate Time of Supply with Zero rated supply?
Difference between Zero rated supply and Time of Supply under GST terms
What is Time of Supply? How does Zero rated supply work under GST regime? What are the difference between Time of Supply and Zero rated supply?
Under GST system, the following information explains about Time of Supply and Zero rated supply.
As per GST terms, Time of Supply is the liability to pay CGST/SGST on the goods shall arise at the time of supply. Zero rated supply means any of the following supplies of goods or services or both, namely:––Export of goods or services or both; or Supply of goods or services or both to a Special Economic Zone developer or a Special Economic Zone unit.
The details about Time of Supply and Zero rated supply with simple language from GST terms have been mentioned in this web blog separately. We suggest you to read these articles on Time of Supply and Zero rated supply, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, we give below web links on Time of Supply and Zero rated supply separately below. You may kindly read the below links to know more about Zero rated supply and Time of Supply.
Meaning of term Time of Supply under GST
The above information easily explains about Zero rated supply and Time of Supply.
We hope, you have satisfied with the difference between Time of Supply and Zero rated supply explained above. Do you have different thought on difference between Zero rated supply and Time of Supply?
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