18
Śrīmad-Bhāgavatam
[Canto 7, Ch. 1]
kālam —time;  carantam —moving;  srjati —creates;  īśaḥ —the Supreme Personality of Godhead;  āśrayam —shelter;  pradhāna —for the material energy;  pumbhyām —and the living entity;  nara-deva —O ruler of men;  satya —true;  kṛt —creator.
TRANSLATION
O great King, the Supreme Personality of Godhead, the controller of the material and spiritual energies, who is certainly the creator of the entire cosmos, creates the time factor to allow the material energy and the living entity to act within the limits of time. Thus the Supreme Personality is never under the time factor nor under the material energy.
PURPORT
One should not think that the Lord is dependent on the time factor. He actually creates the situation by which material nature acts and by which the conditioned soul is placed under material nature. Both the conditioned soul and the material nature act within the time factor, but the Lord is not subject to the actions and reactions of time, for time has been created by Him. To be more clear, Śrīla Viśvanātha Cakravartī Thākura says that creation, maintenance and annihilation are all under the supreme will of the Lord.
In  Bhagavad-gītā  (4.7) the Lord says:
yadā yadā hi dharmasya glānir bhavati bhārata abhyuthānam adharmasya tadātmānam srjāmy aham
“Whenever and wherever there is a decline in religious practice, O descendant of Bharata, and a predominant rise of irreligion—at that time I descend Myself.” Since Kṛṣṇa, the Supreme Personality of Godhead, is the controller of everything, when He appears He is not within the limitations of material time ( janma karma ca me divyam ). In this verse the words  kālam carantam srjatīśa āśrayam  indicate that although the Lord acts within time, whether  sattva-guṇa ,  rajo-guṇa  or  tamo-guṇa  is prominent, one should not think that the Lord is under time’s control.