Point of taxation 2012
This query is : Resolved
18 September 2012
Give answer only if you are 100% sure
Effective rate of ST.
service provided 28/03/2012
invoice issued 30/03/2012
payment made 05/04/2012
A.Effective rate of ST .....(reverse charge)
point of taxation ../../..(reverse charge)
B.Effective rate of ST .....(normally)
point of taxation ../../..(normally)
Effective rate of ST.
service provided 28/03/2012
invoice issued 30/03/2012
payment made 05/04/2012
A.Effective rate of ST .....(reverse charge)
point of taxation ../../..(reverse charge)
B.Effective rate of ST .....(normally)
point of taxation ../../..(normally)
18 September 2012
1)
A. Effective rate in case of normal provisions would be 10.30% as both, provision of service and invoice has been done before 01/04/2012.
B. If it is under the reverse charge then rule 7 of point of taxation shall apply and rate of service tax will be 12.36% (payment basis)
2)The payment shall be made in the month of may before 05/05/2012
A. Effective rate in case of normal provisions would be 10.30% as both, provision of service and invoice has been done before 01/04/2012.
B. If it is under the reverse charge then rule 7 of point of taxation shall apply and rate of service tax will be 12.36% (payment basis)
2)The payment shall be made in the month of may before 05/05/2012
18 September 2012
But in question no.2 D point point of taxation should be the date:earlier of
receipt of payment or issue of invoice (if issued with in 30 days). Therefore due date should be 05/04 insted of 05/05 as payment received is on 28/03/2012.am i right?
receipt of payment or issue of invoice (if issued with in 30 days). Therefore due date should be 05/04 insted of 05/05 as payment received is on 28/03/2012.am i right?
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18 September 2012
if the services are rendered and payment is also made before 01/04/2012 then point of taxation will be in the month of March and due date will be 05/04/2012
20 September 2012
But according to POT Rules POT shall be the date earliest of payment received or invoice issued(if issued with in 30 days).
POT for deposit of ST
if
service rendered 05/04/12
invoice issud 10/04/12
Payment made 28/03/12
If rate of ST changed from 01.04.2012
then POT for deposit of ST ../../..
POT for deposit of ST
if
service rendered 05/04/12
invoice issud 10/04/12
Payment made 28/03/12
If rate of ST changed from 01.04.2012
then POT for deposit of ST ../../..
10 August 2024
https://docs.google.com/document/d/1XLDSDHJiyv-SHQ6sNfmrOM77xPRljZDyUHb6LS3bZyU/edit?usp=sharing
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