https://www.taxtmi.com/acts?id=30357 Time of supply for changes in tax rate is fixed by rules: for supplies before the change, the time of supply is the earlier of invoice or payment when both occur after the change; invoice date governs if invoice preceded and payment followed; payment date governs if payment preceded and invoice followed. For supplies after the change, payment date governs if payment follows but invoice preceded; the earlier of payment or invoice governs if both preceded; invoice date governs if invoice follows but payment preceded. Payment receipt is treated as bank credit if that credit occurs more than four working days after the rate change; receipt means earlier of books entry or bank credit. en-us Mon, 10 Jul 2017 14:20:57 +0530 Thu, 17 Aug 2017 14:58:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=30357 Time of supply for changes in tax rate is fixed by rules: for supplies before the change, the time of supply is the earlier of invoice or payment when both occur after the change; invoice date governs if invoice preceded and payment followed; payment date governs if payment preceded and invoice followed. For supplies after the change, payment date governs if payment follows but invoice preceded; the earlier of payment or invoice governs if both preceded; invoice date governs if invoice follows but payment preceded. Payment receipt is treated as bank credit if that credit occurs more than four working days after the rate change; receipt means earlier of books entry or bank credit. Act-Rules GST - States Mon, 10 Jul 2017 14:20:57 +0530 https://www.taxtmi.com/acts?id=30357