18 February 2013
Will you please let me know that if service receiver is liable for s.tax payment then if advance payment is done and bill is raised after payment then in case what will be Point of Taxation?
18 February 2013
In case of reverse charge i.e. where service receiver is liable to ST payment, Point of taxation occurs as and when payment is made by the Service receiver. Your are not concerned with raising of invoice.
19 February 2013
In case of revers charge mechanism, point of taxation shall be the day on which payment is made. In case of AE debited in the books of account or payment made whichever is earlier . Pls refer Rule 7 of the POT rules,2011
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