Point of taxation (invoicing or realization based)
This query is : Resolved
26 February 2013
Need help on the following scenario:
Type of Service: Man Power Recruitment
Date of Billing: 13.10.12
Date of Realization: Feb 2013 (expected).
My question:
1. ST to be deposited based on billing quarter i.e. Oct- Dec 2012 or realization quarter i.e. Jan- Mar 2013.
2. If it is based on billing quarter then what would be liability towards interest and will there be any penalty (our ST liability based on billing quarter was conveyed to the client thru email in the month of Dec 12).
Type of Service: Man Power Recruitment
Date of Billing: 13.10.12
Date of Realization: Feb 2013 (expected).
My question:
1. ST to be deposited based on billing quarter i.e. Oct- Dec 2012 or realization quarter i.e. Jan- Mar 2013.
2. If it is based on billing quarter then what would be liability towards interest and will there be any penalty (our ST liability based on billing quarter was conveyed to the client thru email in the month of Dec 12).
26 February 2013
It would be on the basis of billing...
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Gift of mutual fund units to daughter
- Form 10BD Filling
- Annual return of gst limit
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
