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Service tax amendments

Sourabh (Student) (360 Points)

01 September 2011

are amendments after 1st April,2011 applicable in Nov IPCE?my tutor said they are not.in RTP some are there while others arent.like in VK Singhania book it is written that afer April 2011 Service Tax will be on reciept or invoice basis instead of receipt basis.are these applicable?

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Deepak Gupta (CA Student) (15922 Points)
Replied 01 September 2011

Originally posted by : Sourabh
	are amendments after 1st April,2011 applicable in Nov IPCE?my tutor said they are not.in RTP some are there while others arent.like in VK Singhania book it is written that afer April 2011 Service Tax will be on reciept or invoice basis instead of receipt basis.are these applicable?

Students may note that the Examination Committee of the ICAI has decided that Point of Taxation (POT) Rules, 2011 would not be applicable in Part-II Service Tax and VAT of Paper 5: Taxation (PCC) and Paper 4: Taxation (IPCC) for November 2011 examinations.
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Consequently, the ensuing amendments made in the Service Tax Rules, 1994 would also not be applicable for November 2011 examinations.
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All the amendments made by significant notifications/circulars issued from 01.05.2010 to 30.04.2011 which are relevant for November 2011 examinations have been given as an Appendix to the Revision Test Paper (RTP) of the said examination. The RTP has also been hosted on the BOS Knowledge Portal of the Institute’s website.
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Non-Applicability of POT Rules (File Attached Below)
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Download RTP: https://www.icai.org/post.html?post_id=5016