Clarification on Point of Taxtion Rules, -regarding.

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..... Tax dated the 17 th March 2012 has amended the Point of Taxation Rules 2011 w.e.f. 1 st April 2012, inter-alia, amending Rule 7 which applied to individuals or proprietary firms or partnership firms providing taxable services referred to in sub-clauses (g), (P), (s), (t), (u), (za), and (zzzzm) of clause (105) of section 65 of the Finance Act, 1994. Rule 7 determined the point of ta .....

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..... t April 2012. 3. The issue has been examined. For invoices issued on or before 31 st March 2012, the point of taxation shall continue to be governed by the Rule 7 as it stands till the said date. Thus in respect of invoices issued on or before 31 st March 2012 the point of taxation shall be the dated payment. All the trade associations are requested to give wide publicity to the conten .....

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