https://www.taxtmi.com/article/detailed?id=7164 Change in rate of tax prescribes a special time of supply rule displacing ordinary rules where a tax rate changes. The provision determines the tax point by comparing completion of supply, invoice issuance and payment receipt, assigning the time of supply to the earlier of invoice date or payment date in specified scenarios. Receipt of payment means the date entered in the supplier's books or the date credited to bank account, whichever is earlier, with a proviso addressing delayed bank credits following the rate change. en-us Thu, 29 Dec 2016 06:45:26 +0530 Thu, 29 Dec 2016 06:45:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7164 Change in rate of tax prescribes a special time of supply rule displacing ordinary rules where a tax rate changes. The provision determines the tax point by comparing completion of supply, invoice issuance and payment receipt, assigning the time of supply to the earlier of invoice date or payment date in specified scenarios. Receipt of payment means the date entered in the supplier's books or the date credited to bank account, whichever is earlier, with a proviso addressing delayed bank credits following the rate change. Articles Goods and Services Tax - GST Thu, 29 Dec 2016 06:45:26 +0530 https://www.taxtmi.com/article/detailed?id=7164