Is KKC applicable on Taxable invoice outstanding as on 31st May 2016.
An outstanding Invoice dated 31st Jan 2016 is also applicable for KKC.
Menu
Kkc on old bills
Replies (2)
The point of taxation is earlier of
- Date of Issue of Invoice or
- Date of receipt of advance
So You should have paid the service tax on the Invoice dated 31st Jan 2016 on 31st jan only so no need to pay service tax again.
As per Rule 5 of Point of Taxation Rules, 2011, KKC would be applicable on amount outstanding on 31/05/16
Recent Topic
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
Related Topics
CAclubindia
