Point of taxation: bill of lading date fixes tax point for cross-border sea transport services between non-taxable territories. A new rule 8B to the Point of Taxation Rules, 2011 provides that for services by a person located in non-taxable territory to a person in non-taxable territory consisting of transportation of goods by vessel from outside India to the customs station of clearance in India, the point of taxation is the date of the bill of lading of such goods in the vessel at the port of export.
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Point of taxation: bill of lading date fixes tax point for cross-border sea transport services between non-taxable territories.
A new rule 8B to the Point of Taxation Rules, 2011 provides that for services by a person located in non-taxable territory to a person in non-taxable territory consisting of transportation of goods by vessel from outside India to the customs station of clearance in India, the point of taxation is the date of the bill of lading of such goods in the vessel at the port of export.
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