Service tax on freight
This query is : Resolved
JANARDHANA D L
(Querist)
30 September 2014
WHEN CAN I CALCULATE THE SERVICES TAX,
MOHAMMAD SALIM
(Expert)
01 October 2014
If your question is regarding Point of taxation, as per Rule 3 it is date of invoice or payment whichever is earlier....
However in cse of GTA service which are subject to RCM , Rule 7 would be invoked and POT would be date of payment or a day after 3 months of date of bill in case payment of such bill has not been made within period of 3 months (For invoices raised from 1-10-2004). earlier it was 6 months and if payment not made within such period the POT was date of invoice.
However in cse of GTA service which are subject to RCM , Rule 7 would be invoked and POT would be date of payment or a day after 3 months of date of bill in case payment of such bill has not been made within period of 3 months (For invoices raised from 1-10-2004). earlier it was 6 months and if payment not made within such period the POT was date of invoice.
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