TaxTMI 
TaxTMI 
Dear Sir
Whether clause 7 of Point of Taxation Rules, 2011 of Notification No.25/2011 dated 31st March 2011 - exempting CA, CS, CWAs (Individuals and Partnership Firms) from accrual basis, whether this clause exempts LLPs also
Regards
RAPG & Co
Point of Taxation Rules - LLP
29 Jun 2011 
2 Replies 
1497 Views Asked by
Payment on receipt basis for service tax extends to LLPs providing specified professional services, practitioners say.
Whether clause 7 of the Point of Taxation Rules, 2011-permitting payment of service tax on a payment/receipt basis for specified professionals-covers LLPs: practitioners replying to the query conclude that LLPs are covered because their basic nature is that of a partnership firm, and therefore LLPs providing the listed professional services may adopt the payment/receipt basis for service-tax liability under clause 7. (AI Summary)
Whether clause 7 of the Point of Taxation Rules, 2011-permitting payment of service tax on a payment/receipt basis for specified professionals-covers LLPs: practitioners replying to the query conclude that LLPs are covered because their basic nature is that of a partnership firm, and therefore LLPs providing the listed professional services may adopt the payment/receipt basis for service-tax liability under clause 7. (AI Summary)