01 March 2015
Hi... The auditor raises bill for service tax of Rs 5000plus 12.36% service tax on 01-01-2015. Now the service tax rate is 14%. The question is that service tax is calculated on receipt basis. Say, if CA receaves the amt for the bill now,ie when the service tax rate is 14%. shd he pay 12.36% or 14% service tax? how shd d difference 14-12.36=1.64 be treated??
Thank u in advance.