Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: cpt :: empanelment :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: articles on VAT and GST in India :: form 3cd :: ACCOUNTING STANDARDS :: TDS :: VAT RATES
« Service Tax »
 Service tax officials transferred for favouring realtor
 GST, a challenge and opportunity for accounting professionals’
 Service Tax On Hotels And Restaurants – Recent Delhi High Court Judgment
 GST Council discusses 4-tier tax rate, cess on demerit goods
 Why you shouldn’t miss these three simple tax saving options beyond Section 80C
 Determination of value for transactions between the Related parties under GST Laws.
 Higher collections can offset GST losses
 GST to subsume over a dozen Central, State taxes
 Incidence of indirect taxes won't go up under GST
 Advanced Budget date: Absence of a GST rate may present estimation challenges
  Tax queries answered by Dilip Lakhani, Senior Chartered Accountant

Seeks to amend the Point of Taxation Rules, 2011, to prescribe the point of taxation for the services on which person liable to pay service tax is the recipient.
July, 23rd 2014

                                       Government of India
                                       Ministry of Finance
                                     (Department of Revenue)

                                    No. 13/2014 ­ Service Tax

                                                                   New Delhi, the 11th July, 2014

       G.S.R. ....(E).- In exercise of the powers conferred by clause (a) and clause (hhh) of
sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government
hereby makes the following rules further to amend the Point of Taxation Rules, 2011,

1.     (1)      These rules may be called the Point of Taxation (Amendment) Rules, 2014.

       (2)      They shall come into force on the 1st day of October, 2014.

2.     In the Point of Taxation Rules, 2011,­

       (a) in rule 7,­

             (i) for the words contained in these rules the words and figures contained in
                  rules 3,4, or 8 shall be substituted;

             (ii) for the first proviso, the following proviso shall be substituted, namely:-

                  Provided that where the payment is not made within a period of three months
             of the date of invoice, the point of taxation shall be the date immediately
             following the said period of three months:;

       (b) after rule 9, the following rule shall be inserted, namely:-

              10. Notwithstanding anything contained in the first proviso to rule 7, if the
              invoice in respect of a service, for which point of taxation is determinable under
              rule 7 has been issued before the 1st day of October, 2014 but payment has not
              been made as on the said day, the point of taxation shall,­

                (a)    if payment is made within a period of six months of the date of
                invoice, be the date on which payment is made;
              (b)    if payment is not made within a period of six months of the date of
              invoice, be determined as if rule 7 and this rule do not exist..

                                                               [F. No.334/ 15 /2014 -TRU]

                                                                           (Akshay Joshi )
                                                Under Secretary to the Government of India

Note: The principal notification was published in the Gazette of India, Extraordinary, vide
notification No. 18/2011 - Service Tax, dated the 1st March,2011 vide number G.S.R. 175
(E), dated the 1st March, 2011 and last amended by notification No. 37/2012-Service Tax,
dated the 20th June, 2012 vide number G.S.R.479 (E), dated the 20th June, 2012.
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Website Ranking Website Ranking Company Website Positioning Alexa Ranking Website Promotion Website top 10 ranking website top 10 promotion search engine result promotion Strategic Internet Marketing Website Optimization Website Ranking Factors

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions