determination of rate of service tax
This query is : Resolved
C.A. YASH AGARWAL
(Querist)
22 April 2009
At which rate service tax will be charged
the rate prevailant at,
the time of receipt or
the time of invoice or
the time of service being rendered????...
the rate prevailant at,
the time of receipt or
the time of invoice or
the time of service being rendered????...
23 April 2009
The time of provision of service.
C.A. YASH AGARWAL
(Querist)
23 April 2009
If Rs. 5 Lakhs received in advance when the service tax rate was Nil and afterwards when the services are rendered the service tax rate is 10%
What will be the sevice tax implications?....
What will be the sevice tax implications?....
23 April 2009
It is a consumption based tax
If service has been provided and consumed, service tax will be payable at the rate it prevailed with the service was rendered, irrespective of the change when the invoice is raised
If service has been provided and consumed, service tax will be payable at the rate it prevailed with the service was rendered, irrespective of the change when the invoice is raised
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Tushar Yerawar
(Expert)
02 May 2009
The rate prevailing at the time of rendering the services.
It has nothig to do with receipt of advance. If you have recd advance but not render the service, then you are not liable to pay service tax on that amount.
It has nothig to do with receipt of advance. If you have recd advance but not render the service, then you are not liable to pay service tax on that amount.
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