BAA Ltd., a company registered under GST in the State of Maharashtra, purchased raw cashew nuts from Mr. Ram, an agriculturalist in Maharashtra.…

CA Final · Indirect Tax Laws · PYQS · January 2026
BAA Ltd., a company registered under GST in the State of Maharashtra, purchased raw cashew nuts from Mr. Ram, an agriculturalist in Maharashtra. Bill for the same was issued by Mr. Ram on 12.06.2025. Cashew nuts were received by BAA Ltd. on 15.06.2025. The payment for the full amount of transaction was made by BAA Ltd. in advance on 10.06.2025. What is the time of supply?
(A) 10.06.2025
(B) 12.06.2025
(C) 15.06.2025
(D) 12.07.2025

Suggested Answer and Working Notes:

Correct Answer: Option (A)

10.06.2025

Topics: Input Tax Credit

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