Sir,
I;ve one doubt, one vendor( manpower supplier) doing services for March'12, But Invoice raised in Apr'12, Which tax rate is applicable?
Devendra
(Chartered Accountant)
(4775 Points)
Replied 04 April 2012
In your case, if it is assumed that the Service of Manpower Supply is rendered before 31st March 2012 and the Invoice is issued and payment is received after 31st march, then the effective rate of Service Tax shall be 12.36%.
Regards,
Devendra Kulkarni
CAclubindia
