Tax rate if any change in the tax rate

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 December 2017 Supply made on-10/11/2017
Payment Received on-20/11/2017
Issued the Invoice on-20/11/2017
on 15/11/2017 gst rates changed, so which rate I have to charge in invoice

Guest

Guest (Expert)

09 December 2017 In your case time of supply will be date of payment or date of issue of invoice whichever is earlier i.e 20-11-2017

Querist : Anonymous

Querist : Anonymous (Querist)

09 December 2017 Thanks for the answer sir

Querist : Anonymous

Querist : Anonymous (Querist)

09 December 2017 As per Sec 28 of cgst/sgst act, issue of tax invoice should be before or at the time of
1.) removal of goods for supply to the recipient,
2.) delivery of goods or making available thereof to the recipient in other cases.
as per this section, did the invoice raised on 20/11/2017 is valid/not

Guest

Guest (Expert)

09 December 2017 The word "Supply" has been mentioned .For supply of service is valid and for supply of goods it is not.So accordingly penal provisions may come into picture in such case.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now