Q 123. Let’s say there was increase in tax rate from 18% to 20% w.e.f. 1.6.2017. What is the tax rate applicable when services provided and invoice issued before change in rate in April 2017, but payment received after change in rate in June 2017?

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Ans. The old rate of 18% shall be applicable as services are provided prior to 1.6.2017.   [ As per FAQ on GST published by NACEN ] 167…

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