https://www.taxtmi.com/acts?id=23911 Change in the rate of tax alters the time of supply: when supply precedes the rate change, the time of supply depends on the relative timing of invoice issuance and payment receipt (earlier of invoice or payment if both post-change; invoice date if invoice pre-dates and payment post-dates; payment date if payment pre-dates and invoice post-dates). When supply follows the rate change, analogous rules apply tying time of supply to invoice and payment chronology, with a proviso and an explanation defining receipt of payment as earlier of book entry or bank credit. en-us Mon, 27 Mar 2017 16:58:15 +0530 Wed, 17 Sep 2025 15:31:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=23911 Change in the rate of tax alters the time of supply: when supply precedes the rate change, the time of supply depends on the relative timing of invoice issuance and payment receipt (earlier of invoice or payment if both post-change; invoice date if invoice pre-dates and payment post-dates; payment date if payment pre-dates and invoice post-dates). When supply follows the rate change, analogous rules apply tying time of supply to invoice and payment chronology, with a proviso and an explanation defining receipt of payment as earlier of book entry or bank credit. Act-Rules GST Mon, 27 Mar 2017 16:58:15 +0530 https://www.taxtmi.com/acts?id=23911