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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Gift of mutual fund units to daughter
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Not able to file ITR
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
