Rate of Service Taxc
This query is : Resolved
CA SONI KRUNAL
(Querist)
06 October 2010
I have a doubt that when in given a service rate of s.tax is 12.36 5 , but when i receive the payment rate of service tax is 10.30% which rate i should consider?
CA Navin Jain
(Expert)
06 October 2010
10.30%
CA SONI KRUNAL
(Querist)
06 October 2010
please provide a section reference
CA SONI KRUNAL
(Querist)
06 October 2010
what will be the situation if i receive the payments in different part , what will be the rate in that case
Yashwanth Jain
(Expert)
06 October 2010
As per Sec 66 of the finance act the taxable event arises when services are provided, hence the rate that is applicable on the date of rendering of service has to be considered for payment of service tax and not the rate when payment is received for the taxable services provided, in your case you need to consider 12.36%(the taxable event rate) and not 10.3%.
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
