<p style="margin-left:8px; margin-right:15px; text-align:justify"><span style="font-size:14px">The normal time of supply rules changes if there is a change in the rate of tax of supply of goods or services. In this scenario, time of supply has to be determined in the following manner:</span></p>

<p style="margin-left:8px; margin-right:387px; text-align:justify">&nbsp;</p>

<p style="margin-left:7px; text-align:justify">&nbsp;</p>

<p style="margin-left:7px; text-align:justify">&nbsp;</p>

<p style="margin-left:7px; text-align:justify">&nbsp;</p>

<table align="center" border="1" cellspacing="0" class="Table" dir="ltr" style="border-collapse:collapse; border:none; margin-left:1px; width:900px">
	<caption>
	<p><span style="font-size:14px">Supply is completed before the change in rate of tax</span></p>
	</caption>
	<thead>
		<tr>
			<th scope="col" style="background-color:#fcaf17; height:72px; vertical-align:top; width:113px">
			<div style="margin-left:6px; margin-right:7px"><span style="font-size:28px">Invoice <span style="color:black">issued before the date of change in tax rate</span></span></div>
			</th>
			<th scope="col" style="background-color:#fcaf17; height:72px; vertical-align:top; width:102px">
			<div style="margin-left:5px; margin-right:18px"><span style="font-size:28px"><span style="color:black">Payment received before the date of change in tax rate</span></span></div>
			</th>
			<th scope="col" style="background-color:#fcaf17; height:72px; vertical-align:top; width:102px">
			<div style="margin-right:38px"><span style="font-size:28px"><span style="color:black">Time of supply</span></span></div>
			</th>
			<th scope="col" style="background-color:#fcaf17; border-color:initial; height:72px; vertical-align:top; width:144px">
			<div style="margin-right:24px"><span style="font-size:28px"><span style="color:black">Applicable </span>&nbsp;<span style="color:black">rate of tax</span></span></div>
			</th>
		</tr>
	</thead>
	<tbody>
		<tr>
			<td style="border-bottom:2px solid #fcaf17; border-left:2px solid #fcaf17; border-right:2px solid #fcaf17; border-top:2px solid #fcaf17; height:62px; vertical-align:top; width:113px">
			<div style="margin-left:5px; text-align:center"><span style="font-size:28px">No</span></div>
			</td>
			<td style="border-bottom:2px solid #fcaf17; border-left:none; border-right:2px solid #fcaf17; border-top:2px solid #fcaf17; height:62px; vertical-align:top; width:102px">
			<div style="margin-left:5px; text-align:center"><span style="font-size:28px">No</span></div>
			</td>
			<td style="border-bottom:2px solid #fcaf17; border-left:none; border-right:2px solid #fcaf17; border-top:2px solid #fcaf17; height:62px; vertical-align:top; width:102px">
			<div style="margin-right:19px; text-align:center"><span style="font-size:28px">Earliest of the date of invoice or payment</span></div>
			</td>
			<td style="border-bottom:2px solid #fcaf17; border-left:none; border-right:2px solid #fcaf17; border-top:2px solid #fcaf17; height:62px; vertical-align:top; width:144px">
			<div style="margin-right:16px; text-align:center"><span style="font-size:28px">New rate of tax</span></div>
			</td>
		</tr>
		<tr>
			<td style="border-bottom:2px solid #fcaf17; border-left:2px solid #fcaf17; border-right:2px solid #fcaf17; border-top:none; height:33px; vertical-align:top; width:113px">
			<div style="margin-left:5px; text-align:center"><span style="font-size:28px">Yes</span></div>
			</td>
			<td style="border-bottom:2px solid #fcaf17; border-left:none; border-right:2px solid #fcaf17; border-top:none; height:33px; vertical-align:top; width:102px">
			<div style="text-align:center"><span style="font-size:28px">No</span></div>
			</td>
			<td style="border-bottom:2px solid #fcaf17; border-left:none; border-right:2px solid #fcaf17; border-top:none; height:33px; vertical-align:top; width:102px">
			<div style="margin-right:9px; text-align:center"><span style="font-size:28px">Date of issue of invoice</span></div>
			</td>
			<td style="border-bottom:2px solid #fcaf17; border-left:none; border-right:2px solid #fcaf17; border-top:none; height:33px; vertical-align:top; width:144px">
			<div style="margin-left:5px; text-align:center"><span style="font-size:28px">Old tax rate</span></div>
			</td>
		</tr>
		<tr>
			<td style="border-bottom:2px solid #fcaf17; border-left:2px solid #fcaf17; border-right:2px solid #fcaf17; border-top:none; height:48px; vertical-align:top; width:113px">
			<div style="margin-left:5px; text-align:center"><span style="font-size:28px">No</span></div>
			</td>
			<td style="border-bottom:2px solid #fcaf17; border-left:none; border-right:2px solid #fcaf17; border-top:none; height:48px; vertical-align:top; width:102px">
			<div style="text-align:center"><span style="font-size:28px">Yes</span></div>
			</td>
			<td style="border-bottom:2px solid #fcaf17; border-left:none; border-right:2px solid #fcaf17; border-top:none; height:48px; vertical-align:top; width:102px">
			<div style="margin-right:27px; text-align:center"><span style="font-size:28px">Date of receipt of payment</span></div>
			</td>
			<td style="border-bottom:2px solid #fcaf17; border-left:none; border-right:2px solid #fcaf17; border-top:none; height:48px; vertical-align:top; width:144px">
			<div style="margin-left:5px; text-align:center"><span style="font-size:28px">Old tax rate</span></div>
			</td>
		</tr>
	</tbody>
</table>

<p>&nbsp;</p>

<table align="center" border="1" cellspacing="0" class="Table" style="border-collapse:collapse; border:none; margin-left:11px; width:900px">
	<caption>
	<p><span style="font-size:14px">Supply is completed after the change in rate of tax</span></p>
	</caption>
	<thead>
		<tr>
			<th scope="col" style="background-color:#fcaf17; height:97px; vertical-align:top; width:139px">
			<div style="margin-left:6px; margin-right:3px; text-align:center"><span style="font-size:28px"><strong>Invoice <span style="color:black">issued before the date of change in tax rate</span></strong></span></div>
			</th>
			<th scope="col" style="background-color:#fcaf17; height:97px; vertical-align:top; width:114px">
			<div style="margin-left:5px; margin-right:4px; text-align:center"><span style="font-size:28px"><strong><span style="color:black">Payment received before the date of change in tax rate</span></strong></span></div>
			</th>
			<th scope="col" style="background-color:#fcaf17; height:97px; vertical-align:top; width:90px">
			<div style="margin-right:38px; text-align:center"><span style="font-size:28px"><strong><span style="color:black">Time of<strong> </strong>supply</span></strong></span></div>
			</th>
			<th scope="col" style="background-color:#fcaf17; border-color:initial; height:97px; vertical-align:top; width:126px">
			<div style="margin-right:7px; text-align:center"><span style="font-size:28px"><strong><span style="color:black">Applicable rate of tax</span></strong></span></div>
			</th>
		</tr>
	</thead>
	<tbody>
		<tr>
			<td style="border-bottom:2px solid #fcaf17; border-left:2px solid #fcaf17; border-right:2px solid #fcaf17; border-top:2px solid #fcaf17; height:47px; vertical-align:top; width:139px">
			<div style="margin-left:5px; text-align:center"><span style="font-size:28px">Yes</span></div>
			</td>
			<td style="border-bottom:2px solid #fcaf17; border-left:none; border-right:2px solid #fcaf17; border-top:2px solid #fcaf17; height:47px; vertical-align:top; width:114px">
			<div style="margin-left:5px; text-align:center"><span style="font-size:28px">Yes</span></div>
			</td>
			<td style="border-bottom:2px solid #fcaf17; border-left:none; border-right:2px solid #fcaf17; border-top:2px solid #fcaf17; height:47px; vertical-align:top; width:90px">
			<div style="margin-right:6px; text-align:center"><span style="font-size:28px">Earliest of the date of invoice or payment</span></div>
			</td>
			<td style="border-bottom:2px solid #fcaf17; border-left:none; border-right:2px solid #fcaf17; border-top:2px solid #fcaf17; height:47px; vertical-align:top; width:126px">
			<div style="margin-left:1px; margin-right:2px; text-align:center"><span style="font-size:28px">Old rate of tax</span></div>
			</td>
		</tr>
		<tr>
			<td style="border-bottom:2px solid #fcaf17; border-left:2px solid #fcaf17; border-right:2px solid #fcaf17; border-top:none; height:33px; vertical-align:top; width:139px">
			<div style="margin-left:5px; text-align:center"><span style="font-size:28px">Yes</span></div>
			</td>
			<td style="border-bottom:2px solid #fcaf17; border-left:none; border-right:2px solid #fcaf17; border-top:none; height:33px; vertical-align:top; width:114px">
			<div style="text-align:center"><span style="font-size:28px">No</span></div>
			</td>
			<td style="border-bottom:2px solid #fcaf17; border-left:none; border-right:2px solid #fcaf17; border-top:none; height:33px; vertical-align:top; width:90px">
			<div style="margin-right:5px; text-align:center"><span style="font-size:28px">Date of receipt of payment</span></div>
			</td>
			<td style="border-bottom:2px solid #fcaf17; border-left:none; border-right:2px solid #fcaf17; border-top:none; height:33px; vertical-align:top; width:126px">
			<div style="margin-left:4px; margin-right:2px; text-align:center"><span style="font-size:28px">New rate of tax</span></div>
			</td>
		</tr>
	</tbody>
</table>

<table align="center" border="1" cellspacing="0" class="Table" dir="ltr" style="border-collapse:collapse; border:none; margin-left:9px; margin-right:9px; width:900px">
	<thead>
		<tr>
			<th scope="col" style="background-color:#fcaf17; height:97px; vertical-align:top; width:150px">
			<div style="margin-left:6px; margin-right:3px; text-align:justify"><span style="font-size:28px"><strong><span style="color:black">Invoice issued before the date of change in tax rate</span></strong></span></div>
			</th>
			<th scope="col" style="background-color:#fcaf17; height:97px; vertical-align:top; width:106px">
			<div style="margin-left:5px; margin-right:4px; text-align:justify"><span style="font-size:28px"><strong><span style="color:black">Payment received before the date of change in tax rate</span></strong></span></div>
			</th>
			<th scope="col" style="background-color:#fcaf17; height:97px; vertical-align:top; width:104px">
			<div style="margin-right:38px; text-align:justify"><span style="font-size:28px"><strong><span style="color:black">Time of<strong> </strong>supply</span></strong></span></div>
			</th>
			<th scope="col" style="background-color:#fcaf17; border-color:initial; height:97px; vertical-align:top; width:120px">
			<div style="margin-right:7px; text-align:justify"><span style="font-size:28px"><strong><span style="color:black">Applicable rate of tax</span></strong></span></div>
			</th>
		</tr>
	</thead>
	<tbody>
		<tr>
			<td style="border-bottom:2px solid #fcaf17; border-left:2px solid #fcaf17; border-right:2px solid #fcaf17; border-top:2px solid #fcaf17; height:32px; vertical-align:top; width:150px">
			<div style="margin-left:5px; text-align:justify"><span style="font-size:28px">No</span></div>
			</td>
			<td style="border-bottom:2px solid #fcaf17; border-left:none; border-right:2px solid #fcaf17; border-top:2px solid #fcaf17; height:32px; vertical-align:top; width:106px">
			<div style="margin-left:5px; text-align:justify"><span style="font-size:28px">Yes</span></div>
			</td>
			<td style="border-bottom:2px solid #fcaf17; border-left:none; border-right:2px solid #fcaf17; border-top:2px solid #fcaf17; height:32px; vertical-align:top; width:104px">
			<div style="margin-right:14px; text-align:justify"><span style="font-size:28px">Date of issue of invoice</span></div>
			</td>
			<td style="border-bottom:2px solid #fcaf17; border-left:none; border-right:2px solid #fcaf17; border-top:2px solid #fcaf17; height:32px; vertical-align:top; width:120px">
			<div style="text-align:justify"><span style="font-size:28px">New rate of tax</span></div>
			</td>
		</tr>
	</tbody>
</table>