Practicing CA
1225 Points
Joined May 2018
In my opinion, Its relevant from the point of time of supply. To remove ambiguity, it is in place to decide point of taxation for continuous supply of goods and services.
If this provision would be removed then it will remain a question of discussion that when to pay tax - after full completion of transaction under single contract or at the time of payment or at the time of issue of invoice for part supply.