Point of Taxation Rules - 2011 amended
RULE 7 of the POT Rules, 2011 reads as follows:
7. Determination of point of taxation in case of specified services or persons.- Notwithstanding anything contained in these rules, the point of taxation in respect of,-
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(c) individuals or proprietary firms or partnership firms providing taxable services referred to in sub-clauses (p), (q), (s), (t), (u), (za), (zzzzm) of clause (105) of section 65 of the Finance Act, 1994,
shall be the date on which payment is received or made, as the case may be:
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These services are:
(p) : Architect
(q) : Interior Decorator
(s) : Chartered Accountant
(t) : Cost Accountant
(u) : Company secretary
(za) : Scientific or Technical consultancy
(zzzzm) : Law
Now, the Central Government has amended sub-rule (c) of Rule 7 to bring clause (g) of sub-section (105) of section 65 of the Finance Act, 1994 which relates to ‘Consulting Engineer's service' also into its purview. To achieve this, ‘(g)' is inserted before ‘(p)' in the said sub-rule. This amendment will be effective from July 1, 2011.
Therefore, with effect from July 1, 2011, the point of taxation for consulting engineer's service provided by individuals or proprietary firms or partnership firms shall be the date on which payment is received or made.
Notification No. , Dated: June 27, 2011