S1: Under GST, the time of supply for goods under the Reverse Charge Mechanism (RCM) is the earliest of the date of receipt of goods, date of payment, or date of invoice. S2: For services under RCM, the time of supply is the date of payment or the date immediately following 60 days from the date of invoice, whichever is earlier. Which statement(s) is/are correct?
A. S1 only
B. Neither S1 nor S2
C. Both S1 and S2
D. S2 only
Answer: Option C
Solution (By JKSSB Mock Tests)
Both statements accurately reflect the time of supply rules under RCM for goods and services as per Sections 12 and 13 of the CGST Act.
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