CBIC Notifies Clarification on Time of Supply for GST Payment of Supply of Spectrum Allocation Services

The CBIC has issued a clarification regarding the time of supply for GST payment related to spectrum allocation services. According to the circular, the time of supply will be determined based on the issuance of invoices or completion of services, whichever is earlier. This clarification aims to streamline the GST payment process for spectrum allocation services, ensuring compliance and clarity for taxpayers involved in such transactions.