05 September 2015
We are following Cash System of accounting and we are liable to pay service tax..
It was clearly given that new service tax is applicable for services rendered after June'15,now we got receipts against the services rendered before June'15 in the month of June'15, July'15 and so on..
Now my question is that, should we collect and pay service tax @ 12.36% or 14% on such receipts????
CAclubindia
