Section 14 of the CGST Act, 2017 states the time of supply, where there is a change in the rate of tax in respect of goods or services or both. In case the goods or services or both have been supplied before the change in rate of tax, the time of supply can be determined as follow:
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.
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