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Question 6: X Ltd. (an Indian Company), received some business support services from Y Ltd (a foreign Company) for a consideration of US $ 50,000.

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Question 6: X Ltd. (an Indian Company), received some business support services from Y Ltd (a foreign Company) for a consideration of US $ 50,000. X Ltd. holds 55% of voting rights in Ytd. Determine the time of supply for X Ltd., if the Date of provision of service and issue of Invoice by Y Ltd. is 10.12.2020, Date of debit in the books of accounts of X Ltd. is 15.12.2020 but payment is made by X Ltd. on 1.1.2021. Determine when he is liable to pay GST and the due date of payment. ONDOR

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