https://www.taxtmi.com/news?id=1616 Amendments align Service Tax Rules with Point of Taxation by fixing the applicable tax rate at the time services are deemed provided; permit credit where invoices or payments were made for services not rendered upon refund or issuance of credit note; increase the adjustment threshold for excess payments; allow recovery with interest of self-assessed unpaid tax without resort to reassessment procedures; and reduce the composition rate for foreign-currency exchange services while removing the billed-charges payment option. en-us Mon, 28 Feb 2011 16:16:48 +0530 Mon, 28 Feb 2011 16:16:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1616 Amendments align Service Tax Rules with Point of Taxation by fixing the applicable tax rate at the time services are deemed provided; permit credit where invoices or payments were made for services not rendered upon refund or issuance of credit note; increase the adjustment threshold for excess payments; allow recovery with interest of self-assessed unpaid tax without resort to reassessment procedures; and reduce the composition rate for foreign-currency exchange services while removing the billed-charges payment option. News - Mon, 28 Feb 2011 16:16:48 +0530 https://www.taxtmi.com/news?id=1616