ok but it is given in mateiral that if invoice not issued within 30 days of hte completion of theprovision of service POT shall be the date of such completion. what is date of completion?
Madhavi Pls see my explanation gvn with an Eg It is very clear to your question. There I have mentioned the date of providing service will be your date of POT ( see I have quoted date as 18th Sept 17 Oct & so on) I am sure it will make your doubt very clear
If invoice is provided with in the time limit then date of invoice or date of payment which is earlier will be taken as POT and if invoice is not provided with in the time limist then date of providing the service / completion of service or date of payment whcihever is earlier wil be considered as pOT. Am I correct?
Yes if you have Recd advance Pymt then the date of Pymt & if No such Adv Pymt then Date of Inv if raised within the prescribed Time span & Failure to Raise Inv in such Time Time span then date of the Service provided
Its called as VAT on special Transactions, & where it is lease the VAT is levied in the begining & on the Value of the Product, excluding the Finance Chgs