Applicability of Service Tax rate
This query is : Resolved
Ganesh Pawar
(Querist)
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
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
(Expert)
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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