If sales invoice is on 30th June, Delivery and receipts is on 3rd July .
what should be charged ?
vat excise stax..which tax is applicable on 30th june is charged...
gst is not charged
Shailesh Sawant (Senior Audit Executive) (58 Points)
30 June 2017
anuj rathi
(bcom)
(275 Points)
Replied 30 June 2017
SUPRIYA
(PRACTICE)
(853 Points)
Replied 30 June 2017
In GST Point of Taxation is Time of supply:
The time of supply of goods shall be the earlier of the following dates –
(a) The date of issuing of invoice (or the last day by which invoice should have been issued)
OR
(b) The date of receipt of payment
-whichever is earlier
The above case is not covered under gst as invoice is issued on 30.06.2017. the same shall be liable to VAT only
Tarak Shah
(Chartered Accoutants)
(105 Points)
Replied 30 June 2017
In such a case VAT to be charged
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