Easy Office
LCI Learning

Service tax

This query is : Resolved 

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.

01 March 2015 The increased rate is yet to be notified. The rate prevailing on Invoice date will be considered.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries