Section 14 of CGST Act, 2017, Change in rate of tax in respect of supply of goods or services

 

Section 14 of CGST Act ,Change in rate of tax in respect of supply of goods or services, GST India

 

Click here to know GST rate of your goods or service

 

The below post explains about Change in rate of tax in respect of supply of goods or services under section 14 of CGST Act,2017

 

Section 14 of CGST Act, 2017 explains Change in rate of tax in respect of supply of goods or services as below: (The amendments if any will also be updated here soon).

 

The extract of Section 14 of CGST Act,2017 quoted below:

 

14 Change in rate of tax in respect of supply of goods or services.

 

14. Notwithstanding anything contained in section 12 or section 13, the time of supply,

where there is a change in the rate of tax in respect of goods or services or both, shall be

determined in the following manner, namely:––

Section 14 of CGST Act, 2017, Change in rate of tax in respect of supply of goods or services(a) in case the goods or services or both have been supplied before the change

in rate of tax,––

(i) where the invoice for the same has been issued and the payment is also

received after the change in rate of tax, the time of supply shall be the date of

receipt of payment or the date of issue of invoice, whichever is earlier; or

(ii) where the invoice has been issued prior to the change in rate of tax but

payment is received after the change in rate of tax, the time of supply shall be the

date of issue of invoice; or

(iii) where the payment has been received before the change in rate of tax,

but the invoice for the same is issued after the change in rate of tax, the time of

supply shall be the date of receipt of payment;

(b) in case the goods or services or both have been supplied after the change in

rate of tax,––

(i) where the payment is received after the change in rate of tax but the

invoice has been issued prior to the change in rate of tax, the time of supply shall

be the date of receipt of payment; or

(ii) where the invoice has been issued and payment is received before the

change in rate of tax, the time of supply shall be the date of receipt of payment or

date of issue of invoice, whichever is earlier; or

(iii) where the invoice has been issued after the change in rate of tax but

the payment is received before the change in rate of tax, the time of supply shall

be the date of issue of invoice:

Provided that the date of receipt of payment shall be the date of credit in

the bank account if such credit in the bank account is after four working days

from the date of change in the rate of tax.

Explanation.––For the purposes of this section, “the date of receipt of

payment” shall be the date on which the payment is entered in the books of

account of the supplier or the date on which the payment is credited to his bank

account, whichever is earlier.

 

The above information clarifies about Change in rate of tax in respect of supply of goods or services under section 14 of CGST Act,2017.  

 

If you have any comments about Section 14 of CGST Act, 2017 explaining Change in rate of tax in respect of supply of goods or services, share below your thoughts:

 

Click here to know GST rate of your goods or service

 

GST Exemption list of goods and services

Find HSN number or Service tariff code for GST

Indian GST Laws

How to export your goods?

How to get Export Order?

GST Registration Guidelines

Learn Imports and Exports business free of cost

Find HSN code of your product.

 

Manner of recovery of credit distributed in excess, CGST Act,2017 

 

Persons not liable for registration CGST Act, 2017 

 

CGST Act, 2017 Procedure for registration 

 

Deemed registration, CGST Act, 2017

 

Amendment of registration CGST Act, 2017

 

CGST Act, 2017 Cancellation of registration

 

CGST Act,  Tax invoice 

 

Amount of tax to be indicated in tax invoice and other documents

 

GST rate for Fruits sales and nut sales in India 

GST rate for Coffee and Tea in India 

GST for Rice, Oats, Millets, Maize etc. 

GST for Milling industry products in India 

GST for oil seeds and medicinal plants in India 

GST rate for sale of Gums, resins, lacs etc. 

GST rate for Vegetable Plaiting Materials 

 GST payable for sale of animal oil, waxes, fats, vegetable oil etc. 

GST rate for preserved meat, fish, crustaceans etc. 

GST rate for Sugar Industry in India 


How to export goods from India?

 

Functions of GSTN under mode of payment of GST

Procedures of GST payment through Internet Banking

GST payment through Internet Banking

How does e-payment of GST work?

Modes of GST payment

How to fill GST tax challan online?

Export Promotion Councils and Commodity Boards, product wise
 
How to amend AWB number in Import General Manifest (IGM)
How to amend BL number in Import General Manifest (IGM)



 
How to amend consignee (importer) name in Import General Manifest (IGM)
How to amend container number in Import General Manifest IGM
How to amend date of bill of lading in Import General Manifest (IGM) in India
How to amend description of goods in Import General Manifest (IGM)
Transferability of Bill of Lading
Transhipment - A redefinition        
Dimension of Cargo Containers


Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers