alleryStart learning →Service done first, forex received later. Relevant date?
AReceipt of foreign exchange
BCompletion of service
CSigning of contract
DDate of purchase invoice
Answer & Solution
Correct answer: A. Receipt of foreign exchange
Where the service was completed before payment, the relevant date is receipt of payment in convertible foreign exchange.
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Related questions
A provisional zero-rated refund under 54(6) is followed by?Section 54(4) evidence must first establish what?Section 54(1) covers refund of tax and which other item?Cash ledger balance refund may be claimed through?Welfare Fund accounts form is prescribed after consulting?Consumer Welfare Fund sums are used under Section 58(1) for?What does Section 57(a) credit to the Welfare Fund?Which fund does Section 57 of the CGST Act constitute?