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of <h1>Point of Taxation Rules 2011 Amended: Key Changes on Tax Points, Continuous Services, and Transitional Provisions Explained.</h1> The circular outlines amendments to the Point of Taxation Rules, 2011, effective from April 1, 2011, with an option to pay tax on a payment basis until June 30, 2011. Key changes include defining the point of taxation based on invoice issuance and payment dates, clarifying tax rate changes, and aligning rules for continuous services. Specific services are classified as continuous, and Rule 7 is replaced to adjust taxation points for exports and reverse charge services. Amendments also affect Service Tax Rules and Cenvat Credit Rules, with transitional provisions for invoices before March 31, 2011. Officers are urged to assist taxpayers with these transitions.
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