https://www.taxtmi.com/article/detailed?id=1233 Point of taxation is the time of invoice issuance or, if payment precedes invoice, the date of receipt of payment; absence of an invoice within fourteen days of service completion fixes the point at completion. Continuous supply is governed by completion of contractually specified events and overrides rules 3, 4 and 8. Change in effective tax rate includes alterations to the taxable portion of value. Certain exports, reverse-charge services and specified professional suppliers may use payment-based taxation subject to time-limit exceptions, and transitional provisions permit delayed adoption with corresponding invoice and completion-date cut-offs. en-us Mon, 04 Apr 2011 07:08:03 +0530 Tue, 05 Apr 2011 07:13:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1233 Point of taxation is the time of invoice issuance or, if payment precedes invoice, the date of receipt of payment; absence of an invoice within fourteen days of service completion fixes the point at completion. Continuous supply is governed by completion of contractually specified events and overrides rules 3, 4 and 8. Change in effective tax rate includes alterations to the taxable portion of value. Certain exports, reverse-charge services and specified professional suppliers may use payment-based taxation subject to time-limit exceptions, and transitional provisions permit delayed adoption with corresponding invoice and completion-date cut-offs. Articles Service Tax Mon, 04 Apr 2011 07:08:03 +0530 https://www.taxtmi.com/article/detailed?id=1233