Time of Supply Rules and GST on Imports

When there is a GST rate change (in this case from 12.5% to 15%) the general time of supply rule applies for most transactions. This means that a supply is considered to take place at either:

• the time an invoice is issued, or
• the time any payment is received by the supplier

depending on which happens first.

GST on imports

GST on imports is affected by the increase in GST.