Top 50+ Solved Time of Supply MCQ Questions Answer
Q. What is the time of supply of vouchers in respect of services when the supply with respect to thevoucher is identifiable?
a. Date of issue of voucher
b. Date of redemption of voucher
c. Earlier of (a) and (b)
d. (a) and (b) whichever is later
Q. There was increase in tax rate from 20% to 24% w.e.f. 1.09.2019. Which of the following rate isapplicable when services are provided after change in rate of tax in September 2019, but invoice issued and payment received, both in August, 2019 :
a. 20% as it is lower of the two
b. 24% as it is higher of the two
c. 20% as invoice and payment were received prior to rate change
d. 24% as the supply was completed after rate change
Q. There was increase in tax rate from 20% to 24% w.e.f. 1.09.2019. Which of the following rate is applicable when services provided, and invoice raised after change in rate of tax in September, 2019, but payment received in August 2019 :
a. 20% as it is lower of the two
b. 24% as it is higher of the two
c. 20% as payment (being one of the factors) was prior to rate change
d. 24% as invoice was issued in the period during which supply is completed
Q. There was increase in tax rate from 20% to 24% w.e.f. 1.9.2019. Which of the following rate isapplicable if the supplier has opted for composition levy and invoice was issued after change in rate of tax in September, 2019 but payment received, and goods supplied in August, 2019 :
a. 20% as it is lower of the two
b. 24% as it is higher of the two
c. 20% as payment was received in the period during which the supply was effected
d. 24% as invoice being one of the factors was issued after rate change