https://www.taxtmi.com/article/detailed?id=1253 The rules shift service tax timing to an invoice- and accrual-based framework: for non-continuous services the time of invoice issuance is the primary point of taxation, with completion-of-service as a fallback if invoice is not issued within fourteen days; advances are taxable when received. Changes in the applicable rate are governed by the sequencing of provision, invoice and payment events under the concept of change in effective rate of tax. Continuous supply contracts and transitional options are separately governed, and CENVAT credit is allowed on receipt of invoices subject to reversal if payment is not made within the prescribed period. en-us Sun, 17 Apr 2011 10:29:14 +0530 Sun, 17 Apr 2011 10:29:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1253 The rules shift service tax timing to an invoice- and accrual-based framework: for non-continuous services the time of invoice issuance is the primary point of taxation, with completion-of-service as a fallback if invoice is not issued within fourteen days; advances are taxable when received. Changes in the applicable rate are governed by the sequencing of provision, invoice and payment events under the concept of change in effective rate of tax. Continuous supply contracts and transitional options are separately governed, and CENVAT credit is allowed on receipt of invoices subject to reversal if payment is not made within the prescribed period. Articles Service Tax Sun, 17 Apr 2011 10:29:14 +0530 https://www.taxtmi.com/article/detailed?id=1253