https://www.taxtmi.com/article/detailed?id=6189 Whether services within the negative list when rendered become taxable solely because payment is received or an invoice is raised after removal from the negative list. The Finance Act charges tax on the provision of services, so a service must be taxable at the time of rendition for the levy to attach. POT Rule 5, however, treats post-levy payments and delayed invoicing as triggers for collection for newly taxable services, raising a concern that delegated rules may not alter the statutory taxable event. en-us Wed, 01 Apr 2015 17:51:23 +0530 Wed, 01 Apr 2015 17:51:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6189 Whether services within the negative list when rendered become taxable solely because payment is received or an invoice is raised after removal from the negative list. The Finance Act charges tax on the provision of services, so a service must be taxable at the time of rendition for the levy to attach. POT Rule 5, however, treats post-levy payments and delayed invoicing as triggers for collection for newly taxable services, raising a concern that delegated rules may not alter the statutory taxable event. Articles Service Tax Wed, 01 Apr 2015 17:51:23 +0530 https://www.taxtmi.com/article/detailed?id=6189