News Topics

Suppose there is change in tax rate from say 6%...

Suppose there is change in tax rate from say 6% to 12% in December. What would be the rate of tax...

Suppose there is change in tax rate from say 6% to 12% in December. What would be the rate of tax if goods are supplied and invoice issued after change in rate, but full advance payment was in February?

0
Jeeba Lal Jul. 11, 2018

You will be liable for the new rate of 12% as goods are supplied and invoice issued after the change in a rate of tax.

Suppose there is change in tax rate from say 6% to 12% in December. What would be the rate of tax if goods are supplied and invoice issued after change in rate, but full advance payment was in February?