Payment of service tax
This query is : Resolved
07 July 2015
Sir
My client is service provider of immovable property. The rent comes to him. He has received rent in July for 2 months ie. from April to June. Now he has to pay service tax. My question is that whether he has to pay on rcpt basis or on the due basis?
What will be the rates applicable for payment 12.36% or 14%.
Kindly confirm as I have to pay the service tax.
Regards
Sanjay
My client is service provider of immovable property. The rent comes to him. He has received rent in July for 2 months ie. from April to June. Now he has to pay service tax. My question is that whether he has to pay on rcpt basis or on the due basis?
What will be the rates applicable for payment 12.36% or 14%.
Kindly confirm as I have to pay the service tax.
Regards
Sanjay
CA R SEETHARAMAN
(Expert)
07 July 2015
From 1st June it is 14%. For those periods of April and May if the invoice is issued before 1st June 12.36% is applicable.
08 July 2015
on and after 1.6.2015 - 14%
before 1.6.2015 -12.36%
before 1.6.2015 -12.36%
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