https://www.taxtmi.com/forum/issue?id=3557 Tax liability arises at the earlier of receipt of payment or issuance of the bill under the Point of Taxation rules; if an amount is paid or billed as inclusive of service tax the taxable value must be determined by grossing up the inclusive total to extract the pre-tax value and tax component, and invoices may be corrected within the prescribed period to reflect the correct taxable amount. en-us Sat, 12 Nov 2011 19:28:49 +0530 Thu, 23 Jan 2025 15:58:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3557 Tax liability arises at the earlier of receipt of payment or issuance of the bill under the Point of Taxation rules; if an amount is paid or billed as inclusive of service tax the taxable value must be determined by grossing up the inclusive total to extract the pre-tax value and tax component, and invoices may be corrected within the prescribed period to reflect the correct taxable amount. Discussion-Forum Service Tax Sat, 12 Nov 2011 19:28:49 +0530 https://www.taxtmi.com/forum/issue?id=3557