Ad Free CAclubindia and Daily Updates on your Mobile. Subscribe Now!

Analysis of point of taxation rules, 2011

PUNEET GOYAL (CA) (2909 Points)

13 July 2012

Please find attachment of Analysis of Point of Taxation Rules, 2011

Reply
Follow
Share

6 Replies

CA.Varalakshmi.M (Manager-Finance) (482 Points)
Replied 13 July 2012

Thank you Puneet

This article helped me in clearing my doubts.

keep sharing

Upgrade to CAclubindia Pro. Subscribe Now!

Ajit kumar Dubey (Taxation Manager) (637 Points)
Replied 13 July 2012

There are certain more clarifications in respect to POT Rules which are issued in the month of June'12 and July'12 and the same should also be considered.

RENGARAJ R.K (ADVOCATE) (7557 Points)
Replied 13 July 2012

It is useful for the year 2011-12. From 01.04.2012, the rule is changed and simplified for all categories including the specified services.

PUNEET GOYAL (CA) (2909 Points)
Replied 14 July 2012

It is updated one and applicable for current financial year also. In this analysis notification and circulars issued from June 2012 onwards are not incorporated. And these notification and circular do not contain any major amendments. Detail of these notifications and circulars are as under:

NN 37/2012 st dated 20.06.2012. It omitted definition of taxable services from POT Rules, 2011 & for the words “provided or to be provided” the words “provided or agreed to be provided” substituted.
Circular No 163/14/2012 st dated 10.07.2012. Clarifying on some issues which are apparently already covered by my analysis.