{"id":132,"date":"2018-08-21T09:31:10","date_gmt":"2018-08-21T09:31:10","guid":{"rendered":"http:\/\/khannaandassociates.com\/blog\/?p=132"},"modified":"2018-09-03T08:02:29","modified_gmt":"2018-09-03T08:02:29","slug":"section-14-change-in-rate-of-tax-in-respect-of-supply-of-goods-or-services-of-cgst-act-2017","status":"publish","type":"post","link":"https:\/\/khannaandassociates.com\/blog\/section-14-change-in-rate-of-tax-in-respect-of-supply-of-goods-or-services-of-cgst-act-2017\/","title":{"rendered":"Section 14 – Change in rate of tax in respect of supply of goods or services of CGST ACT, 2017"},"content":{"rendered":"

Section 14 – Change in rate of tax in respect of supply of goods or services of CGST ACT, 2017<\/p>\n

    \n
  1. Notwithstanding anything contained in section 12 or section 13, the time of supply,
    \nwhere there is a change in the rate of tax in respect of goods or services or both, shall be
    \ndetermined in the following manner, namely:\u2013\u2013
    \n(a) in case the goods or services or both have been supplied before the change
    \nin rate of tax,\u2013\u2013
    \n(i) where the invoice for the same has been issued and the payment is also
    \nreceived after the change in rate of tax, the time of supply shall be the date of
    \nreceipt of payment or the date of issue of invoice, whichever is earlier; or
    \n(ii) where the invoice has been issued prior to the change in rate of tax but
    \npayment is received after the change in rate of tax, the time of supply shall be the
    \ndate of issue of invoice; or
    \n(iii) where the payment has been received before the change in rate of tax,
    \nbut the invoice for the same is issued after the change in rate of tax, the time of
    \nsupply shall be the date of receipt of payment;
    \n(b) in case the goods or services or both have been supplied after the change in
    \nrate of tax,\u2013<\/li>\n<\/ol>\n

    (i) where the payment is received after the change in rate of tax but the
    \ninvoice has been issued prior to the change in rate of tax, the time of supply shall
    \nbe the date of receipt of payment; or
    \n(ii) where the invoice has been issued and payment is received before the
    \nchange in rate of tax, the time of supply shall be the date of receipt of payment or
    \ndate of issue of invoice, whichever is earlier; or
    \n(iii) where the invoice has been issued after the change in rate of tax but
    \nthe payment is received before the change in rate of tax, the time of supply shall
    \nbe the date of issue of invoice:
    \nProvided that the date of receipt of payment shall be the date of credit in
    \nthe bank account if such credit in the bank account is after four working days
    \nfrom the date of change in the rate of tax.
    \nExplanation.\u2013\u2013For the purposes of this section, \u201cthe date of receipt of
    \npayment\u201d shall be the date on which the payment is entered in the books of
    \naccount of the supplier or the date on which the payment is credited to his bank
    \naccount, whichever is earlier.<\/p>\n

     <\/p>\n

    \u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

    Section 14 – Change in rate of tax in respect of supply of goods or services of CGST ACT, 2017 Notwithstanding anything contained in section 12 or section 13, the time of supply, where there is a change in the rate of tax in respect of goods or services or both, shall be determined in … Continue reading “Section 14 – Change in rate of tax in respect of supply of goods or services of CGST ACT, 2017”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"_links":{"self":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/132"}],"collection":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/comments?post=132"}],"version-history":[{"count":1,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/132\/revisions"}],"predecessor-version":[{"id":133,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/132\/revisions\/133"}],"wp:attachment":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/media?parent=132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/categories?post=132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/tags?post=132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}