Point of taxation
This query is : Resolved
02 August 2012
in works contract,for the services provided in the month of march 2012, and invoice raised in the month of May 2012 and payment made in July. What shall be the point of taxation and rate of tax?
02 August 2012
mercantile basis. May 2012 is the point of taxation. In works contract there is no change in 40% rule.
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