https://www.taxtmi.com/circulars?id=54433 Services by Government or a local authority to business entities are taxable where payment is made as consideration, subject to specified exemptions. The point of taxation is the earlier of the date any payment becomes due as per the invoice/bill/challan or the date of payment. Interest on deferred payments is includible in value. CENVAT Credit for one time assignment charges may be availed evenly over three years, while credit for periodic payments is available in the year paid; prescribed documents such as challans evidence credit entitlement. en-us Wed, 13 Apr 2016 00:00:00 +0530 Thu, 14 Apr 2016 15:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54433 Services by Government or a local authority to business entities are taxable where payment is made as consideration, subject to specified exemptions. The point of taxation is the earlier of the date any payment becomes due as per the invoice/bill/challan or the date of payment. Interest on deferred payments is includible in value. CENVAT Credit for one time assignment charges may be availed evenly over three years, while credit for periodic payments is available in the year paid; prescribed documents such as challans evidence credit entitlement. Circulars Service Tax Wed, 13 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54433