In case of export of Service Point of Taxation is receipt Basis.suppose service are provided in the month of March 2015 to a foreign entity and payment are received in April 2015,such transaction shall be reported in half yearly return of Oct-March 2015 or in April -Sep 2015
3 Replies
NAVIN AGICHA
(HELPING HAND)
(1313 Points)
Replied 19 April 2015
AS PER POT RULES,
POT RULE 3 WILL BE APPLICABLE, AND BY POT RULE 3, POT IS IN MONTH OF MARCH(ASSUMED INVOICE IS ISSUED IN MARCH WITHIN 30 DAYS)
SO ANSWER IS OCT TO MAR
IF INVOICE IS ISSUED IN APRIL WITHIN 30 DAYS FROM SERVICE PROVIDED THEN ANSWER WILL BE APRIL-SEP.
CA rahul
(BCOM(H) ACA)
(725 Points)
Replied 19 April 2015
Rule 3 is applicable in case of Export of Service also as per rule 6A
NAVIN AGICHA
(HELPING HAND)
(1313 Points)
Replied 19 April 2015
Yes, because rule 6A is silent about specific pot, so rule 3 will be applicable.
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