https://www.taxtmi.com/acts?id=26810 Change in tax rate fixes the time of supply by comparing invoice issuance and payment receipt dates. For supplies before the rate change, the earlier of invoice or payment governs when both occur after the change; otherwise invoice or payment governs according to which occurred first. For supplies after the rate change, the time of supply is determined by whether invoice or payment occurred first, with specific rules assigning priority to payment or invoice as described. "Date of receipt of payment" means the earlier of book entry or bank credit, with bank credit treated as receipt only if it occurs after four working days from the rate change. en-us Wed, 21 Jun 2017 18:55:40 +0530 Fri, 30 Jun 2017 12:59:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=26810 Change in tax rate fixes the time of supply by comparing invoice issuance and payment receipt dates. For supplies before the rate change, the earlier of invoice or payment governs when both occur after the change; otherwise invoice or payment governs according to which occurred first. For supplies after the rate change, the time of supply is determined by whether invoice or payment occurred first, with specific rules assigning priority to payment or invoice as described. "Date of receipt of payment" means the earlier of book entry or bank credit, with bank credit treated as receipt only if it occurs after four working days from the rate change. Act-Rules GST - States Wed, 21 Jun 2017 18:55:40 +0530 https://www.taxtmi.com/acts?id=26810