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of <h1>India Amends Rule 7 of Point of Taxation Rules: Tax Timing for Government Services to Businesses Revised.</h1> The Government of India, through the Ministry of Finance, has issued Notification No. 24/2016-Service Tax to amend rule 7 of the Point of Taxation Rules, 2011. Effective from its publication date, the amendment specifies that for services provided by the Government or local authorities to business entities, the point of taxation will be the earlier of the date when payment becomes due as per official documents or when payment is made. This change aims to clarify the timing of tax liability for such services.
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