TMI BlogService Tax - OIDARX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, With regard to the above mentioned subject; I would like to have the clarity on invoices that are issued prior to 1 December 2016 but not paid till 1 December 2016. Please note that the services/provision of services has already been made available from the date of invoices for the copyright content through its portal. The access in these might or might not have been completed/closed ti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ll 1 December 2016 and could have been continued post 1 December 2016. To give you a little background, we are in the business of books and journals in electronic medium through IP access. The access continues for a subscription period (in some cases beyond for perpetual access), subscribed by the customer. In simple words, the access is given and it depends on the customer whether they use it or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... not? It means that we have made provision for service that can be availed by the customer. - Reply By KASTURI SETHI - The Reply = Dear Querist, Go through the following:- POINT OF TAXATION RULES, 2011 Rule 4. Determination of point of taxation in case of [change in effective rate of tax ]. - Notwithstanding anything contained in rule 3, the point of taxation in ca ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ses where there is a [change in effective rate of tax] in respect of a service, shall be determined in the following manner, namely :- (a) in case a taxable service has been provided before the [change in effective rate of tax],- (i) where the invoice for the same has been issued and the payment received after the [change in effective rate of tax], the point of taxation shall be date of paym ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent or issuing of invoice, whichever is earlier; or (ii) where the invoice has also been issued prior to [change in effective rate of tax] but the payment is received after the [change in effective rate of tax], the point of taxation shall be the date of issuing of invoice; or (iii) where the payment is also received before the [change in effective rate of tax], but the invoice for the same ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... has been issued after the [change in effective rate of tax], the point of taxation shall be the date of payment; Also go through Serial No.41 of Board's circular no.202/12/2016-ST dated 9.11.16 - Service Tax - OIDAR - Query Started By: - Rohit Kapoor Dated:- 22-3-2017 Service Tax - Got 1 Reply - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal op ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... inion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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