Taxable service: services provided or agreed in taxable territory not on negative list trigger tax liability at invoicing or payment. A service is taxable only if it is provided or agreed to be provided, in the taxable territory, and not specified in the negative list. 'Agreed to be provided' makes advances and retained cancellation amounts taxable. Point of taxation follows the Point of Taxation Rules, 2011-primarily invoice issuance, completion where invoice is delayed, or receipt of payment. Place of provision rules and the negative list determine territorial and categorical exclusions, and specified exemptions and a turnover threshold exclude some suppliers.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Taxable service: services provided or agreed in taxable territory not on negative list trigger tax liability at invoicing or payment.
A service is taxable only if it is provided or agreed to be provided, in the taxable territory, and not specified in the negative list. "Agreed to be provided" makes advances and retained cancellation amounts taxable. Point of taxation follows the Point of Taxation Rules, 2011-primarily invoice issuance, completion where invoice is delayed, or receipt of payment. Place of provision rules and the negative list determine territorial and categorical exclusions, and specified exemptions and a turnover threshold exclude some suppliers.
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