Increase of service tax rate

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 June 2015 Generally Point of Taxation for Service Tax in case of Chartered Accountants will be the date of receipt. In case a Chartered Accountant raise an invoice on 25.05.2015 and receive the payment on 05.05.2015, what will be the applicable rate of Service tax?
Is it 12.36% or 14%??

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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01 June 2015 is the given payment date is right ??

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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01 June 2015 if payment date, date of completion of service and date of raising invoice is before 1.6.2015 then 12.36% shall be charged to client by CA.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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01 June 2015 Switch over to new rates.
To simplify:-

Rule 4 of Point of Taxation Rules change in effective rate of Service Tax:

There are three events that occur in connection with a service

A. Issue of Invoice
B.Payment received
C. Provision of Service

If any two out of the three events have occurred on/before 31st May, the old rate of 12.36% shall be applicable.

If any two out of the three events have occurred on/after 1st June, the new rate of 14% shall be applicable.

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