Mr. A receives goods on 10 May 2024. The invoice was issued by the supplier on 1 May 2024 and Mr. A pays on 25 May 2024. Tax is payable under RCM. Time of supply is:

1. Under Sec 12(3), time of supply for RCM goods = earliest of receipt of goods, date of payment, or 31st day from invoice (1 May + 30 = 31 May → 1st June). 2. Receipt of goods = 10 May, payment = 25 May, 30+1 day = 1 June. Earliest is 10 May 2024. 3. Therefore time of supply is the date of receipt of goods, 10 May 2024. _Source: ICAI BoS CA Final Paper 8, Ch 4 "Time of Supply", §Sec 12(3)_