06 March 2011
according to point of taxation rules as per the budget 2011, how will the service tax be charged in case where the services were provided in april 2011 and payment was received in march 2011 only?
06 March 2011
Service tax has to be paid on the value of taxable services attributable to the service provided in a month/quarter as and when it is received.
07 March 2011
As these rules shall come into force from 1/4/2011,it will not be applicable on the amount received prior to this date, what will be the point of taxation for these receipts against which services are provided in April,2011 is also not clarified in these rules.