https://www.taxtmi.com/forum/issue?id=110432 Applicability of KKC depends on Point of Taxation Rules that determine whether the date of invoice, date of payment or date of bank credit is the point of taxation. Rules provide distinct treatments for changes in effective tax rate and for services newly brought into the tax net, and a bank-credit rule treats date of credit as date of payment where payment instruments are credited after specified working days. Contributors disagreed on whether cheque clearance (bank credit) controls KKC liability when invoice and cheque date precede the levy. en-us Tue, 31 May 2016 13:00:37 +0530 Thu, 23 Jan 2025 15:56:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110432 Applicability of KKC depends on Point of Taxation Rules that determine whether the date of invoice, date of payment or date of bank credit is the point of taxation. Rules provide distinct treatments for changes in effective tax rate and for services newly brought into the tax net, and a bank-credit rule treats date of credit as date of payment where payment instruments are credited after specified working days. Contributors disagreed on whether cheque clearance (bank credit) controls KKC liability when invoice and cheque date precede the levy. Discussion-Forum Service Tax Tue, 31 May 2016 13:00:37 +0530 https://www.taxtmi.com/forum/issue?id=110432