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
4 Replies
Prateek Agarwal
(Sr. Executive - Finance & Accounts)
(1732 Points)
Replied 23 June 2012
Dear Sowmya,
As per PoT rules, it is noted that earlier of the payment date or invoice date, is the date relevant for chargeability.
Sonu Kumar
(Account Manager)
(665 Points)
Replied 23 June 2012
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.
Sonu Kumar
(Account Manager)
(665 Points)
Replied 23 June 2012
/articles/why-service-tax-is-payable-on-raising-of-invoice-14168.asp#.T-Wtyhdo3-0
Go through This Link
Sonu Kumar
(Account Manager)
(665 Points)
Replied 23 June 2012
For Point of Taxation Rules Go through this Link
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