Applicability of Service Tax rate

This query is : Resolved

Ganesh Pawar (Querist)
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28 March 2009 Dear Sir,

A party has issued us bill for services rendered in the month of january 2009 or before that period. Bill has been issued on 13/02/2009 and he charged ST @ 12.24%.
Now we are paying this bill in the month of march 09 and now the Service Tax rate is 10.3% after 24/02/2009.
Kindly guide us should we pay ST @ 12.24% as charged by party and take Cenvat credit of same or we should pay ST @ 10.3% becuase the liabilitiy of ST payment arise after receiving payment for the services rendered.

Please reply

Ganesh Pawar

Ram Avtar Singh

Ram Avtar Singh (Expert)
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28 March 2009 service rendered befour 24.2.09 but bill raise after 24.2.09 service tax shoul be charge 12.36%

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