Abatement rule for reverse charge from 01.04.2015
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 October 2015
Dear Experts,
Kindly help me out of my query
We are receiving Goods transport service. The date of completion of service is 15.09.2014 .The service provider has billed us on 01.10.2014. However, we are making payment to party on today say 09.04.2015. The erswhile rate of service tax under reverse charge basis is 12.36% on 25% of the Bill value upto 31.03.2015. From 01.04.2015, the rate of abatement has changed to 12.36% on 30% of Bill value. Kindly clarify under which abatement Rule we shall deposit the service tax amount and is it will attract Interest @ 18% p.a. for delayed payment. ?
Kindly help me out of my query
We are receiving Goods transport service. The date of completion of service is 15.09.2014 .The service provider has billed us on 01.10.2014. However, we are making payment to party on today say 09.04.2015. The erswhile rate of service tax under reverse charge basis is 12.36% on 25% of the Bill value upto 31.03.2015. From 01.04.2015, the rate of abatement has changed to 12.36% on 30% of Bill value. Kindly clarify under which abatement Rule we shall deposit the service tax amount and is it will attract Interest @ 18% p.a. for delayed payment. ?
23 October 2015
As the bill date is 01/10/2014 ST payable on 25$ value.
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 October 2015
Thank you for prompt reply
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