banner_ad

Point of taxation in case of partial reverse charge

This query is : Resolved 
Profile Image

Profile Image

(Querist)
16 December 2015 Hi,
I am Nikhil, I just want to ask a query that what is the point of taxation in case of partial reverse charge. As per rule 7 of POT rules in case of partial reverse charge, the point of taxation for service receiver is date of payment if invoice but my seniors are of the view that it is date of booking of invoice or date of payment of invoice by service recepient whichever is earlier.Please clarify this issue asap.
Profile Image

Neljo Davis ACA

Profile Image

Neljo Davis ACA (Expert)
18 December 2015 The point of taxation for reverse charge mechanism shall be the date on which payment is made.

Where payments are not made within three months from the date of invoice, Point of taxation shall be the date immediately following three months from the date of invoice.

In the case of "associated enterprises", where the person providing the service is located outside India, that point of taxation shall be the date of debit in the books of account of the person receiving the service or date of making the payment whichever is earlier.
Profile Image

NIKHIL KUMAR

Profile Image

NIKHIL KUMAR (Querist)
21 December 2015 Please clarify whether it has anything to do with date of booking of Invoice ?
Profile Image

Neljo Davis ACA

Profile Image

Neljo Davis ACA (Expert)
22 December 2015 Date of booking of invoice is relevant only in the case of "Associated Enterprises"
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details