Tabular presentation of pot rules,2011


(Guest)

 

The following table may be referred for rate of service tax applicable in various situations in view of the amended Point of Taxation Rules, 2011
Effective Rate of Tax
Issue of Invoice Date of Payment Service Provided Point of Taxation
After 01.04.2012 After 01.04.2012 Before 01.04.2012 Date of payment or issue of invoice whichever is earlier - New Rate
Before 01.04.2012 After 01.04.2012 Date of issue of invoice - Old Rate
After 31.03.2012 Before 01.04.2012 Date of Payment - Old Rate 
Before 31.03.2012 After 01.04.2012 After 31.03.2012 Date of Payment - New Rate 
Before 31.03.2012 Before 31.03.2012 Date of payment or issue of invoice whichever is earlier - Old Rate
After 31.03.2012 Before 31.03.2012 Date of issue of invoice - New Rate
Note:- Old Rate is 10.3% and New Rate is 12.36%.      

 

 

This table helped me a lot while determining the amount of provisions for repairs, hiring, rent, scrap sale, etc. for the year ended 31st March, 2012.

 

I have the attached the file.

Hope all my CCI friends find it useful.