Pot 2011
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 October 2012
If for e.g M/s AB ltd provided taxable services valuing Rs. 12lakhs on 19/6/12 and part payment Rs. 4,00,000/- received on 21/6/12 & balance payment received on 2/8/12 the invoice thereof is issued on 22/8/12. what will be the POT for the above advances?
18 October 2012
19/6/2012 is the POT, because of you didn't issued invoice with in 14 days from the date of completion of service.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 October 2012
14DAYS IS 30DAYS AS PER THE FINANCE ACT 2012 NOW WHAT IS THE POT
18 October 2012
Yes, it from 1-4-2012. I am sorry to my mistake i think your question related prior to 31-3-2012 because before answering to your query i just answered as query regarding to prior to 31-3-2012 so on that view i answered you. So replace my answer with 30 days instead of 14 days. Event though your date of service(POT) is 19-6-2012 because you didn't issued invoice with in 30 days.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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