Is KKC applicable on Taxable invoice outstanding as on 31st May 2016.
An outstanding Invoice dated 31st Jan 2016 is also applicable for KKC.
2 Replies
ravi teja
(CA)
(37 Points)
Replied 01 June 2016
The point of taxation is earlier of
- Date of Issue of Invoice or
- Date of receipt of advance
So You should have paid the service tax on the Invoice dated 31st Jan 2016 on 31st jan only so no need to pay service tax again.
Kuldipsinh Jadeja
(Job)
(357 Points)
Replied 18 June 2016
As per Rule 5 of Point of Taxation Rules, 2011, KKC would be applicable on amount outstanding on 31/05/16
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