BACKGROUND OF RULES
I will start my article with the wordings of Finance Minister while presenting the Budget proposal for the financial year 2011-12, the Finance minister said that in order to achieve a closer fit between the present service tax regime and its GST successor it is important to bring the point of taxation rules, 2011 which would shift the basis for collection of tax from cash to accrual system.
The objective to bring POT Rules is to recover the revenue from service
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