Service tax on bill basis

Dear Sir,

how service to be paid on bill basis ?

or bill basis or receipt basis whichever is earlier ?

please help me and quote the relevant portion of point of taxation rules

Replies (4)

Dear Sowmya,

As per PoT rules, it is noted that earlier of the payment date or invoice date, is the date relevant for chargeability.

If Payment Received Within 14 Days From Bill Raised then Date of Payment Received will be Considered. In Other Cases Bill Date will be Considered.

/articles/why-service-tax-is-payable-on-raising-of-invoice-14168.asp#.T-Wtyhdo3-0

Go through This Link

/articles/point-of-taxation-rules-applicability-of-new-or-old-rate-of-service-tax-13799.asp#.T-WvmRdo3-0

For Point of Taxation Rules Go through this Link

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