If a Company have rendedred services to its clients in the month of March 2011 but the invoices are issues and the payment is received in the month of july when the point of taxation rules 2011 in force, what will be the point of taxation in this case?
07 January 2012
New Provisions under Point of taxation Rules will not apply because the service has provided prior to effectiveness of POT. New provisions will become active after 30.06.2011.
CAclubindia
