Point of taxation rules: change in effective rate alters timing of tax and may activate partial reverse charge. If invoice issuance or payment for continuous supplies occurred before the rule change, point of taxation remains under the prior continuous-supply rule; on transition the continuous-supply special timing was omitted and the general rule applies, but a change in effective rate of tax-including changes in the taxable portion of value or conversion from composition to actual-value payment-triggers the special change-in-rate rule and alters the point of taxation. For works contracts in progress, point of taxation is determined under the change-in-rate rule where effective rate changed; otherwise the ordinary rule applies. Partial reverse charge applies where point of taxation is on or after transition.
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Point of taxation rules: change in effective rate alters timing of tax and may activate partial reverse charge.
If invoice issuance or payment for continuous supplies occurred before the rule change, point of taxation remains under the prior continuous-supply rule; on transition the continuous-supply special timing was omitted and the general rule applies, but a change in effective rate of tax-including changes in the taxable portion of value or conversion from composition to actual-value payment-triggers the special change-in-rate rule and alters the point of taxation. For works contracts in progress, point of taxation is determined under the change-in-rate rule where effective rate changed; otherwise the ordinary rule applies. Partial reverse charge applies where point of taxation is on or after transition.
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