Pot rule

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sonu solanki

sonu solanki (Querist)
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04 May 2015 plz explain me Point of taxation rule 7 in service tax & amendments made in this rule.

Sagar mal Pareek

Sagar mal Pareek (Expert)
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04 May 2015 Rule 7 of POT rules,2011,as amended by notification No.04/2012 dtd 17/03/2012 ,effectove from 01/04/2012 provides for determination of POT in the case of persons required to pat ser.tax as recipients of service as per Notification issued under Section 6892) of F.A.1994.AS THE DATE ON WHICH THE PAYMENT IS MADE. Effectrive 01.10.2014 it is provided that where the payment is not made within a pewruiod of three months of thr date of INvoice ,the POT will be the date immediately following the said period of three months. In thecase of "associated enterprises" ,where the person providing the service is located outside India ,the POT shall be the date of debit in the books of account of the person receiving the service or the date of making the payment whichever is earlier.ts sagar mal pareek,9824346469,smpfca@gmail.com