Question

Mr. Kumar sold goods worth Rs. 40000 to Mr. laalu on 02.08.2017 but the payment was received from Mr. laalu on 02 . 10.2017. time of supply is

02.08.2017
02.10.2017
Either a or b
None​

Answer 1

Answer:

Hi friends

Step-by-step explanation:

3)either 2.8.2017 or 2.10.2017

I hope that this helps you

Answer 2

Answer:

The answer is (A) 02.08.2017

Step-by-step explanation:

• GST is payable on the supply of goods or services.
• A supply consists of things that can be separated in time, for example, purchase order/agreement, dispatch (of goods), delivery (of goods) or provision or performance of service, the entry in the records, payment, and entry of the payment in the records or deposit in the bank.

• Time of supply is an important measure under the GST law for every transaction entered into by the supplier of goods and services.
• It means the point in time when goods have been deemed to be supplied or services have been deemed to be provided for.
• In the following question, the day Mr. Kumar sells the goods to Mr. Laalu is considered as the time of supply. Which in this case is 02.08.2017.
• The answer is 02.08.2017.