Revrse charge
Gaurang Dandiwala (Accountant) (51 Points)
14 December 2012
What is the Point of Taxation for Service Tax under Reverse Charge Mechanism...?
Gaurang Dandiwala (Accountant) (51 Points)
14 December 2012
Vikas
(CA)
(1135 Points)
Replied 14 December 2012
It is covered by Rule 4(7) of the POTR, 2011.
In this, it is on the service tax liability is required to be discharged on payment basis provided the payment for such invoice is made within 6 months. Otherwise, it will be the invoice date or payment which ever is earlier.
Mallikharjun
(Deputy Manager)
(304 Points)
Replied 14 December 2012
Nice explanation vikas......good
CAclubindia
