Sales Tax Act, 1990

Chapter-I

PRELIMINARY

From: 2024-07-01 - To: 0000-00-00 1[(44) “time of supply”, in relation to,- (a) a supply of goods, other than under hire purchase agreement, means the time at which the goods are delivered or made available to the recipient of the supply 2[or the time when any payment is received by the supplier in respect of that supply, whichever is earlier] 3[****]; (b) a supply of goods under a hire purchase agreement, means the time at which the agreement is entered into; and (c) services, means the time at which the services are rendered or provided; 4[Provided that in respect of sub clause (a), (b) or (c), where any part payment is received, - (i) for the supply in a tax period, it shall be accounted for in the return for that tax period; and (ii) in respect of exempt supply, it shall be accounted for in the return for the tax period during which the exemption is withdrawn from such supply;] ______________________________________________ 1-Clause (44) substituted for clause (44) by Finance Act, 2008. 2-The expression inserted by Finance Act, 2024, dated…