Rule 5 of point of taxation rules, 2011

Hello friends,

plz tell, whether the time allowed fr issuing an invoice in rule 5 (payment of tax in case of new service)is 14 days or is it changed to 30 days as in case rule 4A(time limit of issuing an invoice).

thanks.

Replies (5)

30 days please refer notification 3/2012 dated 17th March 2012; as per rule 5 is for new services; if the invoice is already issued then no tax is applicable, if the invoice is not issued then it come under proviso of rule 4A, which has been ammended under notification refered above

So final answer is 30 days?
Originally posted by : Pankhuri Agarwal
So final answer is 30 days?

its 14 days

its 30 days

 

30 days is the period; not sure if i was clear in my prevous post

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