Applicable rate

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 May 2015 dear sir,

service tax ka bill bnana hai dated 06.06.2015 to applicable rate kya rhegi. audit fees ke liye charge krni hai for f.y. 2014-2015.please provide detailed knowledge.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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27 May 2015 You need to charge 14%.

Switch over to new rates.

To simplify:- Rule 4 of Point of Taxation Rules change in effective rate of Service Tax: There are three events that occur in connection with a service A. Issue of Invoice B.Payment received C. Provision of Service If any two out of the three events have occurred on/before 31st May, the old rate of 12.36% shall be applicable. If any two out of the three events have occurred on/after 1st June, the new rate of 14% shall be applicable. So in your case you need to collect differential service tax from 01.06.2015 onward.