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POT in GST

Goods and Service Tax - GST - By: - CA Akash Phophalia - Dated:- 9-9-2015 - Introduction Prior to 01.04.2011 service tax was deposited to the credit of Government in the month following the month in which payment was received. In other words service tax was payable on receipt basis. Thereafter, in 2011 in order to achieve a closer fit between the present service tax regime and its predecessor GST regime a need of shift from cash basis to accrual basis was felt and the same was implemented. Exist .....

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eived, or not received after the time of issue of invoice Date of issue of invoice Date of receipt to the extent of amount received Date of issue of invoice Invoice not issued within stipulated period, and - No payment is received before completion of provision of service Payment is received before completion of provision of service Payment is received, or not received after completion of provision of service Date of completion of provision of service Date of receipt to the extent of amount rece .....

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he said period of three months. Point of taxation for Associated Enterprises - In case of associated enterprises where the person providing the service is located outside India, the point of taxation shall be the date of debit in the books of accounts of the service receiver or the date of payment, whichever is earlier. Special provision for Individuals/partnership firms/LLP - Where aggregate value of taxable service provided by the individuals and partnership firms from one or more premises is .....

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nt whichever is earlier After Before After Date of payment After After Before Date of issue of invoice After Before Before Date of issue of invoice or date of payment, whichever is earlier Point of taxation in case of trademark, copyright, design or patent The point of taxation in this situation is date of issue of invoice or date of receipt of payment, whichever is earlier. Point of taxation in case of new services - Where a service is taxed for the first time, then- No tax is payable to the ex .....

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