10 April 2008
I would like to know : what is the rate of ST payable now, (present rate is 12%), in case, value of service is received now... which pertains to older period...when ST rate was lower...8 % or 10 %.
ST officer says if you are paying ST now for new or old periods.... you have to pay rate of tax presently applicable.
But I think it is not justified : Supposing I receive commission now of 5 years back.... when ST was not applicable... then obviously I will not pay ST on that. Similarly, if I had charged 8 % or 10 % ST to a company 2-3 years back, and they pay the amount to me now with the lower amount of ST, then how can I pay higher new rate of ST to Govt ??
Please also give govt. circulars / notices if any regarding the above.
10 April 2008
Thanks Jitender. I also said the same thing. But the ST officer dosent agree. He also is showing some circular which is not so comprehendable.
Can you give details of govt. circulars / notices if any regarding the above.
Could you please tell me what is the status as to point of taxation at present. Do we have to pay service tax in the quarter of billing; even if we do not receive the commission - which we may or may not receive later ??
CAclubindia
