Problem in rule 2a with rule 7 of pot rules
This query is : Resolved
CA VISHUKANT GOEL
(Querist)
25 March 2015
rule 2A says that date of payment shall be earlier of entry in books or the dates on which the payment is credited to books of account..
In 100% RCM case service receiver is liable to pay tax. But he will not credit the amount in his bank account.
Now how will the date of payment be determined??
CA CS Amit S. Kedia
(Expert)
25 March 2015
In case of Reverse charge, the liability is always on payment basis...
You are not liable for service tax unless you make the payment to the party. However, if you do not make the payment within 6 months from the date of invoice then the date of invoice will be the POT
You are not liable for service tax unless you make the payment to the party. However, if you do not make the payment within 6 months from the date of invoice then the date of invoice will be the POT
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Capital Gail Exemption Certificate
- Unable to File TDS Q2 Return – New TRACES Portal Error
- 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
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- 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
