AVM Sounds Ltd. entered into a contract to purchase the copyright of a music album of Priyam, a music composer. The composer finished the work and gave the CD to the music company on 20th July and issued invoice on 24th
CS Executive · Tax Laws · PYQS · December 2023
AVM Sounds Ltd. entered into a contract to purchase the copyright of a music album of Priyam, a music composer. The composer finished the work and gave the CD to the music company on 20th July and issued invoice on 24th July. The consideration for the contract ₹2.4 crores was received by the composer on 4th September. If GST is payable under reverse charge basis for this, the time of supply shall be :
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: GST
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