Clarification on Point of Taxtion Rules, -regarding.

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..... amended the Point of Taxation Rules 2011 w.e.f. 1st 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 taxation in such cases as the dated of receipt of pa .....

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..... ued on or before 31st 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 31st March 2012 the point of taxation shall be the dated payment. All the trade associations are requested to give wide publicity to the contents of this Trade Notice amongst their member & Constitutes. Encls. As abo .....

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