https://www.taxtmi.com/circulars?id=8212 Point of taxation is fixed at the earliest of three events: provision of service, issuance of invoice, or receipt of payment. Advances (other than interest free refundable deposits) trigger tax on receipt. For continuous supplies, timing follows a sequential test: contractual payment due date, event/milestone completion, then invoice or payment (earlier). Rate changes are governed by rules that generally treat the earlier of invoice or payment as the point of taxation, with a 30 day exception for invoices issued before a rate change. en-us Thu, 05 Aug 2010 00:00:00 +0530 Sat, 07 Jan 2012 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8212 Point of taxation is fixed at the earliest of three events: provision of service, issuance of invoice, or receipt of payment. Advances (other than interest free refundable deposits) trigger tax on receipt. For continuous supplies, timing follows a sequential test: contractual payment due date, event/milestone completion, then invoice or payment (earlier). Rate changes are governed by rules that generally treat the earlier of invoice or payment as the point of taxation, with a 30 day exception for invoices issued before a rate change. Circulars Service Tax Thu, 05 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8212