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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 if goods are supplied and invoice issued after change in rate, but full advance payment was in February?

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?

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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?

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