https://www.taxtmi.com/news?id=1212 The Rules fix the point of taxation for services as the earliest of provision of service, issuance of invoice, or receipt of payment; make advances taxable when received (excluding interest-free refundable deposits); prescribe that where tax rates change between provision, invoice and payment the earlier qualifying event generally determines the applicable rate; treat continuous supplies as discrete periodic supplies taxed on contractual due dates, milestone completion, or invoice/payment (read sequentially); and specify points of taxation for associated enterprises and royalties when subsequent payments or invoices occur. en-us Sat, 07 Aug 2010 00:03:47 +0530 Sat, 07 Aug 2010 00:03:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1212 The Rules fix the point of taxation for services as the earliest of provision of service, issuance of invoice, or receipt of payment; make advances taxable when received (excluding interest-free refundable deposits); prescribe that where tax rates change between provision, invoice and payment the earlier qualifying event generally determines the applicable rate; treat continuous supplies as discrete periodic supplies taxed on contractual due dates, milestone completion, or invoice/payment (read sequentially); and specify points of taxation for associated enterprises and royalties when subsequent payments or invoices occur. News - Sat, 07 Aug 2010 00:03:47 +0530 https://www.taxtmi.com/news?id=1212