https://www.taxtmi.com/forum/issue?id=4905 Under the reverse charge mechanism for royalty services, tax liability is determined by the date the service receiver is required to pay the tax; the payment date governs the applicable tax rate. Accounting provisions made before a rate change do not fix the rate: if tax is paid after a rate change, the service receiver must pay tax at the rate in force on the date of payment, per the Point of Taxation framework. en-us Mon, 05 Nov 2012 13:53:08 +0530 Thu, 23 Jan 2025 15:57:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4905 Under the reverse charge mechanism for royalty services, tax liability is determined by the date the service receiver is required to pay the tax; the payment date governs the applicable tax rate. Accounting provisions made before a rate change do not fix the rate: if tax is paid after a rate change, the service receiver must pay tax at the rate in force on the date of payment, per the Point of Taxation framework. Discussion-Forum Service Tax Mon, 05 Nov 2012 13:53:08 +0530 https://www.taxtmi.com/forum/issue?id=4905