Point of Taxation Rules - LLP, Service Tax

[PANKAJ GROVER]

Dear Sir

Whether clause 7 of Point of Taxation Rules, 2011 of Notification No.25/2011 dated 31st March 2011 - exempting CA, CS, CWAs (Individuals and Partnership Firms) from accrual basis, whether this clause exempts LLPs also

Regards

RAPG & Co

Posts / Replies

[Surender Gupta]

The benefit of payment of service tax on receipt basis is allowed only to "individuals or proprietary firms or partnership firms." LLP, though incoporated, but basic nature of LLP is partnership firm and therefore, in my view this benefit is also avaiable to LLP also.

[pradeep khatri]

LLPs are also exempted under clause 7 of the POTRs.