Change in abatement rates under reverse charge mechanism

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For amount paid to manpower supplier after 1.4.15 for bills dated before 1.4.15, at what rate should rcm be charged 75% or 100%
Replies (2)

Accoring to Point of Taxation Rules, If the Provision of Service was completed on or before 1-4-15, then 75% rcm would be applicable.

and if the provision of service was completed after 1-4-15, then 100% rcm would be applicable.

Suppose for example, your

Date of provision                     Date of Invoice               Date of Payment           RCM

1-3-15                                         28-3-15                           2-4-15                            75%

4-4-15                                         28-3-15                            2-4-15                          100%

 

hope your doubt is clear now.

But as per POT for rcm date of payment is considered as POT..so abatement as on that day would be applicable??

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