ABC Insurance Ltd. received a proposal for pandemic insurance for cricket tournament organised by Lion's Club. Sum assured for said insurance was 20…
CA Intermediate · Taxation · MTP · January 2025
ABC Insurance Ltd. received a proposal for pandemic insurance for cricket tournament organised by Lion's Club. Sum assured for said insurance was 20 Crores with a premium of 5 lakh. The company issued the said policy on 1 st July. The invoice for the same was issued on 5 th August. Premium was received on 14 th August. Determine the time of supply of service provided to Lion's Club?
Suggested Answer and Working Notes:
Correct Answer: Option (C)
05 th August
Topics: Paper 3B: Goods and Services Tax
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