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of <h1>Section 14 of Model GST Law 2016: Rules for Service Supply Timing Amid Tax Rate Changes Explained.</h1> Section 14 of the Model GST Law, 2016, addresses the determination of the time of supply for services when there is a change in the effective tax rate. If services are provided before the tax rate change, the time of supply is based on the earlier of invoice issuance or payment receipt, with specific rules depending on the timing of these events. If services are provided after the tax rate change, similar rules apply. The 'date of receipt of payment' is defined as the earlier of the payment's entry in the supplier's accounts or its credit to the supplier's bank account, with a provision for bank credits occurring after four working days.
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