Wednesday, February 12, 2014

SERVICE TAX: POINT OF TAXATION RULES (By Viral A Bhagdev)

As per rule 3, point of taxation would be determined as follows:-
In case Point of taxation would be

1.The invoice is issued within the prescribed period of 30* days from the date of completion of provision of service.

(a) Date of invoice
or
(b) Date of payment
whichever is earlier.




2.The invoice is not issued within the prescribed period of 30* days from the date of completion of provision of service.

(a) Date of completion of service
or
(b) Date of payment
whichever is earlier.

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