Quiz for:
Overview of Time of Supply Concepts

Question 1

When goods require movement, how should the invoice date correspond to this action?

Question 2

When does the time of supply occur if goods are billed but not moved?

Question 3

If payment for goods is made on June 2, and the invoice date is June 5, what is the time of supply?

Question 4

What is one of the primary questions addressed in the chapter on Time of Supply?

Question 5

Why is understanding the time of supply important for GST liability?

Question 6

Which subsection of Section 12 determines the time of GST liability?

Question 7

What happens if goods are moved after the invoice date?

Question 8

In the context of GST, what must occur if the GST rate changes according to Section 14?

Question 9

In the process of a general sale, which action typically initiates the GST liability?

Question 10

How is the time of supply determined if an invoice is dated June 5 and payment is received on June 8?

Question 11

When does GST liability arise in a typical sale scenario?

Question 12

What key information does the Place of Supply provide in the context of GST?

Question 13

What does Section 14 address in the GST Time of Supply chapter?

Question 14

According to Section 12 of the GST, what determines the time of supply of goods?

Question 15

Which section of the chapter addresses the time of supply for services?