https://www.taxtmi.com/forum/issue?id=106602 Point of taxation for construction services occurs at the earlier of invoicing, completion (when the customer is obliged to pay), or payment receipt. In continuous construction contracts, each construction stage must be evaluated against these triggers; service tax recognition may follow a completion-based stage-of-completion method per Accounting Standard 7 while income tax may use accrual accounting. en-us Mon, 10 Mar 2014 11:13:07 +0530 Thu, 23 Jan 2025 15:57:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106602 Point of taxation for construction services occurs at the earlier of invoicing, completion (when the customer is obliged to pay), or payment receipt. In continuous construction contracts, each construction stage must be evaluated against these triggers; service tax recognition may follow a completion-based stage-of-completion method per Accounting Standard 7 while income tax may use accrual accounting. Discussion-Forum Service Tax Mon, 10 Mar 2014 11:13:07 +0530 https://www.taxtmi.com/forum/issue?id=106602