Works Contract
Query (Issue) Started By: – Jasbir Uppal Dated:- 26-6-2017 Last Reply Date:- 26-6-2017 Goods and Services Tax – GST
Got 1 Reply
GST
Dear Professionals,
\nWorks 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.
\nRegards
\nJ S Uppal
\nTax Consultant
\nReply By Rajagopalan Ranganathan:
\nThe Reply:
\nSir,
\nAccording to Section 13 (2) of CGST Act, 2017 the time of supply of services shall be the earliest of the following dates, namely:-
\n (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<\/p>\n
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