Point of Taxation where there is change in liability, service has been provided and invoice issued but payment not received. POT is date of issue of invoice
April 1, 2016
Service Tax
As per Rule 3 of Point of taxation Rules (PoT), 2011 , determination of point of taxation is the time when the invoice for the service provided or agreed to be provided is issued. CBDT has vide notification 21/2016 has amended Rule 7 to provide for POT in cases of …