A machine which is taxable under GST at the rate of 18% was supplied on 10-06-2019 for which invoice was issued by the supplier on 03-08-2019 and payment was received on 10-08-2019. The rate of tax on the machine meanwhi
CS Executive · Tax Laws · PYQS · December 2020
A machine which is taxable under GST at the rate of 18% was supplied on 10-06-2019 for which invoice was issued by the supplier on 03-08-2019 and payment was received on 10-08-2019. The rate of tax on the machine meanwhile was changed to 12% wef 01-08-2019. The supply of machine shall be charged to tax under GST at the rate of __________.
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A). Official source note: The rate of tax on the machine on August 01, 2019 will be considered in this case.
Topics: GST
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