TaxTMI 
TaxTMI 
Dear Sir,
Please explain in simple way regarding CBEC specifies 'point of taxation' for change in reverse charge liability ,Thanks & Regards.
POINT OF TAXATION (SECOND AMENDMENT) RULES, 2016 - AMENDMENT IN RULE 7
CBEC specifies 'point of taxation' for change in reverse charge liability
01 Apr 2016 
2 Replies 
1844 Views Asked by
Guest 
Point of taxation: change in reverse charge liability fixes invoice date as tax point even if payment falls later.
Where a change in reverse charge liability, service tax rate, rate of abatement, or percentage sharing occurs, and the service was provided and the invoice issued before that change but payment is received after, the point of taxation is the invoice issuance date, so tax is payable at the pre-change rate applicable on that invoice date. (AI Summary)
Where a change in reverse charge liability, service tax rate, rate of abatement, or percentage sharing occurs, and the service was provided and the invoice issued before that change but payment is received after, the point of taxation is the invoice issuance date, so tax is payable at the pre-change rate applicable on that invoice date. (AI Summary)