10 July 2012
Is Service receiver liable to pay tax on the renting of vehicle services availed prior to 1st July, 2012, but the payment is not made to the party as yet?
10 July 2012
Note No. 10.1.7 of guidance note issued by CBEC dated 20th june 2012. For any service whose point of taxation has been determined and whole liability affixed before 1.7.2012 the new provisions will not apply. Merely because payments are being made after 1.7.2012 will not add any additional liability on the service receiver in respect of such services