Respected members,
Please explain me the point of taxation for service tax receipient; whether receipient is suppose to book service tax at the time of advance payment or when bill for the service is received?
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Point of taxation for service receiver.
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Dear members, please reply to my query.
Point of Taxation in case of reverse charge – Date of Payment of invoice or 3 months from date of invoice - whichever is earlier.
means if you are making payment of invoice within 3 month , the date of payment will be point of taxation. if pay after 3 months- Next day after 3 month will be POT.
What if advance payment to service provider who is not covered under RCM?
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