Composite scheme


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Querist : Anonymous

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Querist : Anonymous (Querist)
28 May 2012 Rate of service tax 4.944% under composite scheme is correct or not??? why??

28 May 2012 Yes with effect from 01/04/2012 vide notification 10/2012 dated 17.03.2012.

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 May 2012 Thanks sir,

Invoice date is 28/03/2012 and payment will made after 01/04/2012 in this case what rate of service tax will applicable??

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 May 2012 Thanks sir,

Invoice date is 28/03/2012 and payment will made after 01/04/2012 in this case what rate of service tax will applicable??

28 May 2012 Here, point of taxation is the 'date of invoice' hence applicable rate of service tax is 4.12%.


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