EXAMPLE-56
When
Service related to training is provided in May 2017. The date of change in rate
of taxation is on 1.06.2017. Following details are in respect of activities for
month of May 2017.
|
S.NO |
Date
of Issue of Invoice
|
Date
of Payment |
Amt
of work done |
|
(a) (b) (c)
|
14.05.2017 08.06.2017 04.06.2017 |
05.06.2017 07.06.2017 28.05.2017
|
220000 140000 500000 |
Answer
Section 14 shall determine the time of supply where there is change in
rate of tax
In case, supply of goods or
services made before the change in rate of tax, then
Where the invoice issued and
payment received are both after change in tax -
Time of supply shall be the date of payment or date
of issuing invoice , whichever is earlier.
(i)
In
view of the above provision in above case (b) 07.06.2017 is the time of supply
of service
(ii)Invoice
has been issued before but payment received after change in tax -
Time of supply shall be the date of issue of invoice
In view of the above provision in above case (a) 14.05.2017 is the time
of supply of service
(iii)
Payment
received before but invoice has been issued after change in tax -
Time of supply shall be date of payment received
In view of the
above provision in above case (c) 28.05.2017 is the time of supply of service