Applicable service tax rate
This query is : Resolved
Manisha Muppa
(Querist)
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????
Thanks in advance....
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????
Thanks in advance....
Harshal Fifadra
(Expert)
05 September 2015
When was the invoice being raised ?
1. After provision of service (before June 15) or
2. Receipt of payment (post June 15)
1. After provision of service (before June 15) or
2. Receipt of payment (post June 15)
Shyam Lal Naik
(Expert)
06 September 2015
Section 67A is the relevant section.
Rate of Service Tax on the date of provision of Service is applicable.
Rate of Service Tax on the date of provision of Service is applicable.
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