Time of supply rules and GST on imports

8 Sep

When there is a GST rate change (in this case from 12.5% to 15%) the general time of supply rule applies for most transactions. This means that a supply is considered to take place at either:

• the time an invoice is issued, or
• the time any payment is received by the supplier

depending on which happens first.

GST on imports
GST on imports is affected by the increase in GST.

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