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Point of service tax

Queries 837 views 3 replies

One of Assessee(proprietorship concern)  is the trade partner of a Big Telecom company , He recieved interim payment for Activation commission in 2 or 3 insttalment during the month & issued Invoice in next month (ie. in April for the month of March) due to the data is provided by the company in next month & remaing amount paid after Invoicing by the company , so in context of new provision of payment of service tax  , when the liability of payment of service tax will be arrise. & what would be the accounting tratment for the month of march-12 

 

Replies (3)
point of taxation is the date of issue of invoice if invoice is issued within 30 days of completion of service. If invoice is not issued within the above said period point of taxation is completion of service. However if payment received in advance point of taxation is receipt of advance in any case.

Whether earlier it was point of taxation the date of invoice with 14 days  from completion of service and now it is amended??

pls. clarify

yes it is amended .


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