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of <h1>India Proposes 2010 Tax Rules to Align Service Tax with Excise and VAT, Open for Public Comment Until Sept 1.</h1> The Government of India plans to introduce the Point of Taxation Rules, 2010, to clarify the levy and collection of Service Tax, especially during rate changes or new service tax implementations. These rules aim to align service tax with Central Excise and VAT laws by linking tax payment to service provision, invoice issuance, or payment receipt, whichever occurs first. This change seeks to simplify accounting and prepare for the GST regime. The draft rules, open for public comment until September 1, 2010, also address continuous service supply, associated enterprises, and royalties, ensuring transparency and consistency with international practices.
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