Scenario 1 :- If the payment is made within 3 months from the Invoice date, point of taxation is the date of payment and the rate of exchange would the rate as on the date of payment ( rates can be fixed following AS 11 )

Scenario 2 :- If the payment is made after 3 months from Invoice date , point of taxation is the date of Invoice and rate of exchange would be the rate as on the date of invoice.

Posted 3 years, 1 month ago by HS VEDANTA DESHIKA


Can you please explain it? I am not able to understand, POT if invoice is already created?

Posted 3 years, 1 month ago by Rahul Rai


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