https://www.taxtmi.com/article/detailed?id=1352 Point of taxation rules deem the point of taxation to be the earlier of invoice issue or receipt of payment, with a mandatory invoice within fourteen days of service completion; advances are taxed on receipt. Special rules govern change in effective tax rate, continuous supply (periodic completion or invoicing), export treatment contingent on foreign exchange realization, reverse charge timing (payment date, with six month exception), and cash basis continuation for specified professional services. Input tax credit is allowed on invoice receipt if payment occurs within three months, otherwise credit must be reversed. en-us Mon, 11 Jul 2011 23:34:52 +0530 Mon, 11 Jul 2011 23:37:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1352 Point of taxation rules deem the point of taxation to be the earlier of invoice issue or receipt of payment, with a mandatory invoice within fourteen days of service completion; advances are taxed on receipt. Special rules govern change in effective tax rate, continuous supply (periodic completion or invoicing), export treatment contingent on foreign exchange realization, reverse charge timing (payment date, with six month exception), and cash basis continuation for specified professional services. Input tax credit is allowed on invoice receipt if payment occurs within three months, otherwise credit must be reversed. Articles Service Tax Mon, 11 Jul 2011 23:34:52 +0530 https://www.taxtmi.com/article/detailed?id=1352