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of <h1>Rule 7 Defines Taxation Point for Services: Determines Key Dates for Payment and Liabilities Under Section 68(2).</h1> Rule 7 of the Point of Taxation Rules, 2011, outlines the determination of the point of taxation for specified services or persons liable to pay service tax under section 68(2) of the Act. The point of taxation is generally the date of payment, but if payment is delayed beyond three months from the invoice date, it becomes the day after this period. For associated enterprises with foreign service providers, it is the earlier of the payment date or debit in the recipient's accounts. For services from the government or local authorities, it is the earlier of the payment due date or actual payment.
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