https://www.taxtmi.com/circulars?id=11667 The amendment to the Point of Taxation Rules effective 1 April 2012 allows individuals, proprietors and partnership firms providing the specified services to defer service tax payment until receipt of payment where their turnover of taxable services in the previous financial year does not exceed the specified threshold; invoices issued on or before 31 March 2012 remain governed by the former Rule 7, making the date of receipt of payment the point of taxation for those invoices. en-us Wed, 18 Apr 2012 00:00:00 +0530 Fri, 08 Jun 2012 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11667 The amendment to the Point of Taxation Rules effective 1 April 2012 allows individuals, proprietors and partnership firms providing the specified services to defer service tax payment until receipt of payment where their turnover of taxable services in the previous financial year does not exceed the specified threshold; invoices issued on or before 31 March 2012 remain governed by the former Rule 7, making the date of receipt of payment the point of taxation for those invoices. Circulars Service Tax Wed, 18 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11667