Mr. K has supplied goods to Mr. L on 24-12-2023. The invoice had already been raised on 22-12-2023. Mr. L has paid the due amount on 29-12-2023. The receipt was entered in the books of accounts by Mr. K on 30-12-2023. Bu

CS Executive · Tax Laws · PYQS · June 2024
Mr. K has supplied goods to Mr. L on 24-12-2023. The invoice had already been raised on 22-12-2023. Mr. L has paid the due amount on 29-12-2023. The receipt was entered in the books of accounts by Mr. K on 30-12-2023. But the amount was credited in his bank on 02-01-2024. What is the time of supply in this case ?
(A) 24-12-2023
(B) 29-12-2023
(C) 22-12-2023
(D) 02-01-2024

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Goods and Services Tax (GST)

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