Applicability of rate of Service tax for the taxable services provided prior to 1st June 2015, but billed and received payments at a later date

Applicability of rate of Service tax for the taxable services provided prior to 1st June 2015, but billed and received payments at a later date – An analysis https://www.taxtmi.com/article/detailed?id=6302 A conflict exists between the Point of Taxation Rules, which fix point at invoice issuance or payment receipt, and the later statute that fixes the applicable service tax rate as the rate in force when the service is provided or agreed to be provided; because an Act governs over a rule, the rate at time of supply should determine applicability even if invoicing or payment occurs subsequently. en-us Tue, 09 Jun 2015 07:25:23 +0530 Tue, 09 Jun 2015 07:25:23 +0530 TaxTMI RSS Generator Applicability of rate of Service tax for the taxable services provided prior to 1st June 2015, but billed and received payments at a later date – An analysis https://www.taxtmi.com/article/detailed?id=6302 A conflict exists between the Point of Taxation Rules, which fix point at invoice issuance or payment receipt, and the later statute that fixes the applicable service tax rate as the rate in force when the service is provided or agreed to be provided; because an Act governs over a rule, the rate at time of supply should determine applicability even if invoicing or payment occurs subsequently. Articles Service Tax Tue, 09 Jun 2015 07:25:23 +0530 https://www.taxtmi.com/article/detailed?id=6302