Indirect tax
This query is : Resolved
28 August 2012
In rule no.7,Reverse charge
1.If payment is made within 6 months from date of invoice- point of taxation is date of payment
2.If payment is made more than 6 month from date of invoice-point of taxation is as per rule 3
But if invoice not issued with in time i.e.30 days but payment is made with in 6 months then what will be point of taxation?
for e.g. Import of service-1.08.11
Date of invoice-1.03.12
payment made-15.0512 in 6 month
1.If payment is made within 6 months from date of invoice- point of taxation is date of payment
2.If payment is made more than 6 month from date of invoice-point of taxation is as per rule 3
But if invoice not issued with in time i.e.30 days but payment is made with in 6 months then what will be point of taxation?
for e.g. Import of service-1.08.11
Date of invoice-1.03.12
payment made-15.0512 in 6 month
Arun Kumar Singh
(Expert)
28 August 2012
In your case date of invoice will be the point of taxation.
29 August 2012
Thanx for reply
but will u plz clarify,why u said that becz payment has been made with in 6 month so point of taxation should be the date of payment.
but will u plz clarify,why u said that becz payment has been made with in 6 month so point of taxation should be the date of payment.
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