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
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales return eway bill
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- STCG FOR GOLD ETFs
- Specified Profession
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Tax liability on income of freelancer
- Loan by Partnership Firm
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
