Servicetax
This query is : Resolved
20 February 2015
A Ltd. receives taxable services frm BLtd. of USA on 28-8-2013 for 6L.B Ltd raises invoice on 5-9-2013.A Ltd makes payment on 6-1-2014.Plz do guide what is point of taxation ,
21 February 2015
Hi As per Rule 7 of the POTR, 2011 the point of taxation in case of payment to be made as a recipient is the date of payment. However, if the payment is not made within 3 months from the date of payment, the point of taxation is the date falling immediately after the expiry of 3 months from the date of invoice.
In your case, the date of point of taxation is 5-12-2013 since three months from the date of invoice expires on 04-12-2013.
In your case, the date of point of taxation is 5-12-2013 since three months from the date of invoice expires on 04-12-2013.
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Taxable or Tax exempt
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- TDS Deducted AY-2013-14 Not Reflected in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- Eway bill not cancelled within 24 hous what can be due
- CREDIT NOTES WITHOUT GST
- Eway bill generation from place other than registeted
- TDS Return Q1 FY 2026-27
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
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
