https://www.taxtmi.com/article/detailed?id=895 The draft CBEC rules link tax rate applicability to timing of payment or receipt but fail to specify a clear, uniform relevant date. The author proposes: cash-date actually received by provider; negotiable instruments-date tendered to bank for clearance if honored; electronic transfers-date received by provider; barter-date services are actually performed. The note criticises inconsistent use of "date of payment" and "date of receipt" across draft rules and urges redrafting to adopt consistent terminology and explicit dates for each payment method. en-us Fri, 06 Aug 2010 00:00:00 +0530 Fri, 06 Aug 2010 23:49:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=895 The draft CBEC rules link tax rate applicability to timing of payment or receipt but fail to specify a clear, uniform relevant date. The author proposes: cash-date actually received by provider; negotiable instruments-date tendered to bank for clearance if honored; electronic transfers-date received by provider; barter-date services are actually performed. The note criticises inconsistent use of "date of payment" and "date of receipt" across draft rules and urges redrafting to adopt consistent terminology and explicit dates for each payment method. Articles Service Tax Fri, 06 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=895