Point of taxation

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In case a bill is issued before Point of Taxation rules applicable, then how should we deal with the cases where service provided but payment not made. example:

A service provided on 25th January, 2011 but payment not received till date. In the accounts of one co. still payment to servicetax payble for the particler bill. Please clerify

Replies (1)

Point of Taxation Rules will not be applicable if where the provision of service is completed; or invoices are issued before 01.04.2011.

Hence on such bills service tax would be paid on receipt basis.


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