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<h1>India Revises Point of Taxation Rules 2011: Sub-rules Omitted, New Phrasing Adopted Effective July 1, 2012</h1> The Government of India, through the Ministry of Finance's Department of Revenue, issued Notification No. 37/2012 to amend the Point of Taxation Rules, 2011. Effective from July 1, 2012, the amendments involve omitting sub-rules (b) and (f) from rule 2 and replacing the phrase 'provided or to be provided' with 'provided or agreed to be provided' throughout the document. This notification builds on the principal notification published in March 2011 and its subsequent amendment in March 2012.