Point of taxation

This query is : Resolved

sharad (Querist)
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26 August 2012 pls tell me if invoioce of june comes in Aug what is point of taxaton

and if invoice comes 1st sept what should point of taxation

CA Suresh Jain

CA Suresh Jain (Expert)
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26 August 2012 Dear Mr. Sharad,
The point of taxation is determined in terms of the Point of Taxation Rules, 2011. As per
these Rules point of taxation is –
• the time when the invoice for the service provided or agreed to be provided is issued;
• if invoice is not issued within prescribed time period( 30 days except for specified
financial sector where it is 45 days) of completion of provision of service then the
date of completion of service;
• the date of receipt of payment where payment is received before issuance of invoice
or completion of service.
Hope you it will resolve your doubt.
sureshjain.nj@gmail.com

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