Our Services
Point of Taxation

After going through the Negative List of Services, Mega Notifications For Exemption Of Services, Declared Services Partially / Fully Reverse Charge Mechanism, Place Of Provision Of Services and such new amendment of service Tax Law from 01/07/2012 and the latest amendments upto the end of year 2016 and updates, we properly guide in the matter. In past normally the tax was payable on receipt basis. Point of Taxation has been introduced and affected from 01/04/2011. But after the Point of Taxation Rules 2011, the method has changed to providing of Services. So in short, the tax liability starts either on Date of Invoice or Date of Payment, whichever is earlier. The point of Taxation Rules have also been amended from 01/07/2012. A service is taxable only when it is "provided (or agreed to be provided) in the taxable territory". Upto 30.06.2012 'Export of Services, Rules, 2005' and 'Taxation of Services (Provided from outside India and received in India) Rules, 2006 both the Rules were applicable. However, from 01.07.2012 the taxability of a service will be determined based on the "place of its provision". And hence the old Rules will be replaced by The 'Place of Provision of Services Rules, 2012'. So after the thorough study of Point of Taxation Rules and The 'Place of Provision of Services Rules, 2012'., we guide our clients for the proper Service Tax Compliance.

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