28 August 2012
In rule no.7,Reverse charge 1.If payment is made within 6 months from date of invoice- point of taxation is date of payment 2.If payment is made more than 6 month from date of invoice-point of taxation is as per rule 3 But if invoice not issued with in time i.e.30 days but payment is made with in 6 months then what will be point of taxation?
for e.g. Import of service-1.08.11 Date of invoice-1.03.12 payment made-15.0512 in 6 month
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