Point of taxation 2012 with rate changes
This query is : Resolved
varun bansal
(Querist)
20 September 2012
Effective rate of ST and date of POT
If rate of ST changed from 1.4.2012
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)
If rate of ST changed from 1.4.2012
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)
CA CS Amit S. Kedia
(Expert)
20 September 2012
Effective rate would be the rate at the time of point of taxation-
Point of taxation when rate is changed is determined as followes-
There are 3 activities-
1. Provision of Service
2. Raising of an Invoice
3. Payment of Services
If any two out of 3 have happened before 01/04/2012 then rate would be 10.30%
Point of taxation when rate is changed is determined as followes-
There are 3 activities-
1. Provision of Service
2. Raising of an Invoice
3. Payment of Services
If any two out of 3 have happened before 01/04/2012 then rate would be 10.30%
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CA CS Amit S. Kedia
(Expert)
20 September 2012
If it is under the reverse charge the point of taxation would be payment for the services and payment is made in april the rate would be 12.36%
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