Point of taxation
This query is : Resolved
07 October 2015
Sir, Please explain me what is point of taxation in the case given below.
I am engaged in work contract and i use to submit my entire job at one bill at ones in a month, suppose i have submitted the bill of March 2014 on dated 10 April 2014, and the payment received by me is on 30th April 2014, under such cases what will be the liability for payment of service tax on which date the point of taxation starts and what will be the date of payment of service tax as per law.
I am engaged in work contract and i use to submit my entire job at one bill at ones in a month, suppose i have submitted the bill of March 2014 on dated 10 April 2014, and the payment received by me is on 30th April 2014, under such cases what will be the liability for payment of service tax on which date the point of taxation starts and what will be the date of payment of service tax as per law.
08 October 2015
Point of taxation is bill date, 10th April 2014 and service tax due date is 5th May 2014.
12 October 2015
Then when to pay tax on the bill date or on or before 5th of may, which is actual date to avoid interest.
13 October 2015
On or before 5th May to avoid interest not the bill date.
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