Goods and Services Tax – Started By: – Jasbir Uppal – Dated:- 26-6-2017 Last Replied Date:- 26-6-2017 – Dear Professionals,Works Contract executed in June 2017 , all the materials was consumed but payment will be received in July 2017. The question is whether the tax laws of VAT applicable or the provisions of GST will be applied.RegardsJ S UppalTax Consultant – Reply By Rajagopalan Ranganathan – The Reply = Sir, According to Section 13 (2) of CGST Act, 2017 the time of supply of services shall be the earliest of the following dates, namely:- (a) the date of issue of invoice by the supplier, if the invoice is issued within the period prescribed under sub-section (2) of section 31 or the date of receipt of payment, whichever is earlier; or
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