Service tax-reverse charge pot

Jyothis (Article) (1127 Points)

20 June 2015  

POT for Reverse charge is date of payment.What is POT of reverse  when there is rate change.?

Cheque date May 28,Rate changed - june 1, Date of credit in the books of account of reciveer is june 15 as he didn't sent cheque for Collection. Is service reciever liable to Pay reverse charge @ 14%.

Date of payment is defined in the act as follows.

Date of payment

" Which is usually the date of entry in servicer receivers books of account .In case of change in rate of service tax, same is date of credit in the accountof service provider, provided payment credited within 4 days of effective date."