Point of taxation
This query is : Resolved
30 December 2013
In case of a registered service provider, if the service is provided and the invoice is raised within 30 days,is there a liability to pay the service tax if the amount due is outstanding and is not actually received by such provider??
Eg: Mr. A provides service to Mr. B on 24.12.2013 and raises invoice on 25.12.2013. Payment to the same is made only on 31.03.2013. When does the Service Tax Liability arise in case of Mr. A.
Eg: Mr. A provides service to Mr. B on 24.12.2013 and raises invoice on 25.12.2013. Payment to the same is made only on 31.03.2013. When does the Service Tax Liability arise in case of Mr. A.
30 December 2013
yes liability arises at the point of raising invoice as per point of taxation rules.
doesn't matter payment even if received late.
even if the payment not received you can get the credit of tax paid in the next return after raising a credit note but you can escape your liability at your point of taxation
doesn't matter payment even if received late.
even if the payment not received you can get the credit of tax paid in the next return after raising a credit note but you can escape your liability at your point of taxation
01 January 2014
In the last sentence do you mean to say you cannot escape your liability at point of taxation ryte???
02 January 2014
yes exactly..
pardon it was a typo
pardon it was a typo
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