Ms. Pooja supplied services to Ms. Smita on 5-7-2018.She raised an invoice on 20-6-2018 and recived the amount on 10-7-2018. The tax rate for these services was changed from 15% to 28% on 1-7-2018. The time of supply will be___________________________ and tax rate levied will be__________________

Question

Quizplus · Accepted Answer

Time of supply is the date of issue of invoice. Since the invoice was raised on 20-6-2018, the time of supply is 20-6-2018. As per the GST law, the tax rate applicable is the rate prevailing on the date of supply. Therefore, the tax rate applicable is 28%.

Ms Pooja Supplied Services to Ms