Time Of Supply Of Goods When Tax is To Be Paid On RCM Basis Under GST
It will be earliest of the following dates:
- Date of receipt of goods
- Date on which payment is entered in the books of accounts of the recipient or the date on which the payment is debited in his bank account, whichever is earlier.
- Date immediately following 30 days from the date of issue of invoice or any other legal document in lieu of invoice by the supplier.
However, if it is not possible to determine the time of supply in aforesaid manner then the time of supply is the date of entry of the transaction in the books of accounts of the recipient of supply.
Source: CBIC Website