Invoice as per new service tax rate of 14%
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 May 2015
Dear Experts,
Education cess and cess to be seperately shown under old service tax rate on invoice i.e 12%+2% of 12 %+1% of 12% .= 12.36%.
However new rate of service tax is all inclusive of cess. Therefore should we show only one rate of 14% in the invoice.
Regards,
Education cess and cess to be seperately shown under old service tax rate on invoice i.e 12%+2% of 12 %+1% of 12% .= 12.36%.
However new rate of service tax is all inclusive of cess. Therefore should we show only one rate of 14% in the invoice.
Regards,
CA AnKiT BoHrA (AB)
(Expert)
21 May 2015
yes it wil b flat rate @ 14%
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