My client did the government contract during the period Apr 22 to May 22 months. But payment from the department arrived in Aug 22. The gst increased from 12% to 18% from 18-7-22. We issue the Invoice at the time of payment received. I want to know which gst rate is applicable on such work the 12% gst or 18% gst ?
Pls suggest with rulling.
As per provision of GST act you should have to issue invoice within 30 days of completion of work.
GST rate will be 12,%
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