Point of taxation 2012 with rate changes

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varun bansal (Querist)
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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)

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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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%

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CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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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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