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. ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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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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