08 January 2014
as per point of taxation rules 2011, point of taxation meaning there liability date will be depend as per the following rule:
cash received bill raised whichever is earlier of above two.
in case bill not raised within 30 days of completion of service, then
cash received completion of service whichever is earlier.
Now this date will be the point of taxation and you have to pay tax on next due date respective to that month unlike earlier in which you have to deposit tax only after you receive the payment which is called receipt basis.
i have service provider in manpower i have raised invoice of Rs 10000+1236 = 11236 to the customer. i am not received amount from customer. i pay the service tax amount of Rs. 1236 or not
CAclubindia
