12 July 2012
reverse charge mechanism is applicable w.e.f 01.07.2012.
my querry is regarding the date of applicability,, whether the date of invoice is to be considered or the date of payment or the provision of services.
12 July 2012
As per Rule 7 of Point of Taxation Rules 2011, date of payment will be the date of Point of Taxation means law applicable on that date would apply.
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