TaxTMI 
TaxTMI 
WE ARE RECEIVING SERVICES FROM GTA. NOW GTA IS UNDER REVERSE CHARGE.
WHAT SHOULD BE THE POINT OF TAXATION I.E., PAYMENT OR BILL BOOKING ?
WHETHER WE CAN TAKE ABATEMENT OF 75% ?
TRANSPORT OF GOODS BY ROAD
04 Oct 2012 
1 Reply 
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Point of Taxation: invoice date governs reverse-charge GTA services; abatement may be claimed under the notification.
Point of Taxation is governed by the Point of Taxation Rules: the date of raising the invoice or bill-booking is the relevant tax point and invoices must be issued within thirty days of service provision or receipt of payment. Where the notification allows, an abatement for GTA services can be claimed subject to the notification's conditions. (AI Summary)
Point of Taxation is governed by the Point of Taxation Rules: the date of raising the invoice or bill-booking is the relevant tax point and invoices must be issued within thirty days of service provision or receipt of payment. Where the notification allows, an abatement for GTA services can be claimed subject to the notification's conditions. (AI Summary)