Mr. Krishna has received an advance of ₹ 1,00,000 from his client in respect of service to be provided. But, Mr. Krishna is not sure about the rate of tax and the nature of supply of this service, which will be determined at the time of provision of service only. What will be the rate of tax and nature of supply of a service?
A. 10%, Inter-State supply
B. 10%, Intra-State supply
C. 18%, Inter-State supply
D. 18%, Intra-State supply
Answer:C
Mr. Krishna has received an advance of ₹ 1,00,000 from his client in respect of service to be provided. But, Mr. Krishna is not sure about the rate of tax and the nature of supply of this service, which will be determined at the time of provision of service only. What will be the rate of tax and nature of supply of a service?
A. 10%, Inter-State supply B. 10%, Intra-State supply C. 18%, Inter-State supply D. 18%, Intra-State supply