Discussion on service tax ca final - can anyone join now? - Students

Discussion on service tax ca final - can anyone join now?

Page no : 3

Yogita (Partner) (434 Points)
Replied 18 September 2012

Hmmm.... Madhavi It seems you should go with Indepth study. ( Just a Joke for You ) Anyway this Discussion has updated you

Upgrade to CAclubindia Pro. Subscribe Now!

Madhavi (CA - FINAL) (1342 Points)
Replied 18 September 2012

ok but it is given in mateiral that if invoice not issued within 30 days of hte completion of theprovision of service POT shall be the date of such completion. what is date of completion?

Madhavi (CA - FINAL) (1342 Points)
Replied 18 September 2012

sumit nice graphical presentation very easy to understand

Yogita (Partner) (434 Points)
Replied 18 September 2012

Madhavi Pls see my explanation gvn with an Eg It is very clear to your question. There I have mentioned the date of providing service will be your date of POT ( see I have quoted date as 18th Sept 17 Oct & so on) I am sure it will make your doubt very clear

Madhavi (CA - FINAL) (1342 Points)
Replied 18 September 2012

i feel that sumits presenation and ur explanation previously is differing yogesh . pl check once

Upgrade to CAclubindia Pro. Subscribe Now!

Prashanth (Chartered Accountant) (2322 Points)
Replied 18 September 2012

Hello,

@ Madhavi it is actual date of the completion.

Madhavi (CA - FINAL) (1342 Points)
Replied 18 September 2012

ya i got it yogesh then next step u can explain me

Yogita (Partner) (434 Points)
Replied 18 September 2012

So you are convinced with what I say or still have doubts on my explanations ?

You can ask your Question & I will try to explain it

Madhavi (CA - FINAL) (1342 Points)
Replied 18 September 2012

If invoice is provided with in the time limit then date of invoice or date of payment which is earlier will be taken as POT and if invoice is not provided with in the time limist then date of providing the service / completion of service or date of payment whcihever is earlier wil be considered as pOT. Am I correct?

Yogita (Partner) (434 Points)
Replied 18 September 2012

Yes if you have Recd advance Pymt then the date of Pymt & if No such Adv Pymt then Date of Inv if raised within the prescribed Time span & Failure to Raise Inv in such Time Time span then date of the Service provided

Upgrade to CAclubindia Pro. Subscribe Now!

Madhavi (CA - FINAL) (1342 Points)
Replied 18 September 2012

ok i got the point u can proceed then

Yogita (Partner) (434 Points)
Replied 18 September 2012

You can come with a question & I will answer it. Even you need VAT you can ask any quest

Madhavi (CA - FINAL) (1342 Points)
Replied 18 September 2012

Can expalin the impact of VAT on lease Transactions?

Yogita (Partner) (434 Points)
Replied 18 September 2012

Hey where are you Lost, Framing a quest ?

Upgrade to CAclubindia Pro. Subscribe Now!

Yogita (Partner) (434 Points)
Replied 18 September 2012

Its called as VAT on special Transactions, & where it is lease the VAT is levied in the begining & on the Value of the Product, excluding the Finance Chgs