point of taxation - changes made in last budget
This query is : Resolved
04 June 2011
The new rule is applicable to GTA or not . I read somewhere that the new rule is not applicable to GTA( ST can be paid on pay basis ) if pay made to transporters whithin 6 M from invoice date and st paid accordingly on pay basis .
The new rule of point of taxation of service tax ( on accrual basis) will be applicable from which date ? i come to know that the same must be implemented from 01-07-11 ( there is a option to start to make payment as per new rule from 1-4-11 or 01-07-11 ), the same is correct?if yes, it means that pay of service tax of invoices accounted in July -11 should be paid on or before 5th Aug and ST on bills accounted upto june -11 should be paid on payment basis till we make all bills o/s as on 30-6-11 . Please clarify it
The new rule of point of taxation of service tax ( on accrual basis) will be applicable from which date ? i come to know that the same must be implemented from 01-07-11 ( there is a option to start to make payment as per new rule from 1-4-11 or 01-07-11 ), the same is correct?if yes, it means that pay of service tax of invoices accounted in July -11 should be paid on or before 5th Aug and ST on bills accounted upto june -11 should be paid on payment basis till we make all bills o/s as on 30-6-11 . Please clarify it
CA Sumat Singhal
(Expert)
05 June 2011
Presently point of taxation regarding service tax has been deferred......and till has not been specified.....
Members are invited...
Members are invited...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
