Point of taxation

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This query is : Resolved

CA Vinitha Nambiar (Querist)

17 August 2015 We have raised Debit Note for 1st Quarter(April,May,June) on 8th April,2015 for Rs.1491579(inclusive of service tax @12.36%)
We have paid service tax on 05th May,2015 (Rs.164079)
The service tax rate changed w.e.f 01st June 2015
Do we need to issue new Debit note for the month of June 2015?
Do we need to pay the extra 1.64% (14-12.36) as service tax to the Central Government for the month of June 2015.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

17 August 2015 June debit note has to suffer 1.64% ST extra.

CA Vinitha Nambiar

CA Vinitha Nambiar (Querist)

17 August 2015 Thank you Sir for the reply.
so now June will suffer 1.64% extra.
Will it suffer penalty too?
If yes,how should i calculate days
From July 5 to Aug 17
or from May 5 to Aug 17?

Amol S Joglekar

Amol S Joglekar (Expert)

17 August 2015 A small query : How a DEBIT note for Apr May June, 1st quarter is raised on 08/04/2015... prospectively?

For June debit note, calculate interest from 6th july. (6th inclusive)

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

17 August 2015 I reconsider my earlier observation in the light of Amol Ji's finding.

If debit note is raised prospectively for June in April, higher rate of ST will not apply.

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