In case of Recepient of Service under GTA, How point of taxation will calculate? At the time of Service received or at the time of payment of freight to goods transport agency..???
Please Reply soon, its urgent!!!
Thanks in advance...
In case of Recepient of Service under GTA, How point of taxation will calculate? At the time of Service received or at the time of payment of freight to goods transport agency..???
Please Reply soon, its urgent!!!
Thanks in advance...
For GTA service, point of taxation is date of payment. But if payment of bills is not made within 6 months then general rule applies. ie. date of invoice or date of payment whichever is earlier.
Thanks a lot sir....
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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