Point of taxation in the case of 100% rcm
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 November 2014
when a company paid advance to a advocate then company is liable to pay service tax on advance payment to Gov. through GAR-7 .
if today pay (21st Nov.) nov, as a advance to a advocate RS. -10000 then whether i have to pay service tax on or before 6th december Rs. 1236. as a service tax on advance payment.
if today pay (21st Nov.) nov, as a advance to a advocate RS. -10000 then whether i have to pay service tax on or before 6th december Rs. 1236. as a service tax on advance payment.
22 November 2014
As per Rule 7 of the Point of Taxation Rules, 2011 point of taxation in case of reverse charge is the date of payment.
So in this case the point of taxation will be date on which advance is paid to the advocate firm.
Accordingly for advance paid on 21 Nov, service tax has to be deposited on or before 6th December (if paid electronically)
So in this case the point of taxation will be date on which advance is paid to the advocate firm.
Accordingly for advance paid on 21 Nov, service tax has to be deposited on or before 6th December (if paid electronically)
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
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- 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
- Tax on Amount transferred in HUF Account
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- 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?
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
