The time of supply "where goods or services or both have been supplied in a situation where the invoice issued before the change in the rate of tax but payment received after the change in rate of tax" as per section 14

CS Executive · Tax Laws and Practice · PYQS · December 2018
The time of supply "where goods or services or both have been supplied in a situation where the invoice issued before the change in the rate of tax but payment received after the change in rate of tax" as per section 14 of the CGST Act, 2017 shall be :
(A) Date of issue of invoice
(B) Date of receipt of payment or the date of issue of invoice whichever is earlier
(C) Date of receipt of payment
(D) None of the above

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A), (C). Official source note: If the actual time of supply is before the change in rate of tax, then option A is correct whereas if actual time of supply falls after the change in rate of tax, then option C is correct.

Topics: GST

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