There is amendment in service tax Point of taxation rules for point of taxability on services provided or to be provided but weather there is any change in the concept that payment of service tax is to be made on receipt of amount charged against services provided or to be provided?
Menu
Point of taxation rules,2011
Replies (1)
With the introduction of POT Rules, the concept of taxability on receipt basis has gone. Precisely the underlying principle of POT is that earliest of invoice date, receipt date, date of completion of service is the point of taxation. Tax is due on 5th day of succeeding month/quarter within which the POT falls.
Recent Topics :
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
- 25-26 exempted sales
Related Topics :
CAclubindia
