Rate of Service tax
This query is : Resolved
27 March 2009
The rent on immovable property for the month of February 2009 is billed and received in advance on 02.02.2009 in which service tax was charged at the rate of 12.36%.
Now the rate of service tax was changed w.e.f. 204.02.2009.
What will be the rate of service tax from 24.02.2009 to 28.02.2009 in this case?
Do I reqiure to refund the service tax due to the difference in rate from 25.02.2009 to 28.02.2009 to the tennant
Regards,
Jyoti
Now the rate of service tax was changed w.e.f. 204.02.2009.
What will be the rate of service tax from 24.02.2009 to 28.02.2009 in this case?
Do I reqiure to refund the service tax due to the difference in rate from 25.02.2009 to 28.02.2009 to the tennant
Regards,
Jyoti
27 March 2009
Service tax is chargeable on the date of billing or receipt of money for service whichever is earlier.
In your case since you have received money on 2-2-2009 and service tax rate on that day is 12.36%. Therefore you have to pay at the rate of 12.36% which you have received.
You cannot refund to the tenant the difference of service tax as mentioned above.
Service tax is chargeable on the date of billing or receipt of money for service whichever is earlier.
In your case since you have received money on 2-2-2009 and service tax rate on that day is 12.36%. Therefore you have to pay at the rate of 12.36% which you have received.
You cannot refund to the tenant the difference of service tax as mentioned above.
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Sales return eway bill
- REGARDING GST LIABILITY/....
- GST ON DAMAGED GOODS
- Free lancer income
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
