Payment of service tax
This query is : Resolved
05 January 2013
We have raised a Service Tax bill when the payment of service tax was on receipt basis and the rate is 10 %.
But We have received the payment in December 2012 which is after the change in Service Tax Law, where the service tax rate is 12%.
Please guide us whether we have to deposit the service tax @ 10 % or @ 12%.
But We have received the payment in December 2012 which is after the change in Service Tax Law, where the service tax rate is 12%.
Please guide us whether we have to deposit the service tax @ 10 % or @ 12%.
06 January 2013
Dear Ravi,
The rate of tax applicable is 10% and not 12% as per Section 67A of the Finance Act inserted with effect from 28-05-2012.
Thanks
The rate of tax applicable is 10% and not 12% as per Section 67A of the Finance Act inserted with effect from 28-05-2012.
Thanks
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