Rate of tax to be taken
This query is : Resolved
08 November 2012
if bill was raised before 1st april 2012 and the payment is received in current date than at what rate service tax is to be paid,i think it should be 10% but i found 12% is taken into account .suggest please
08 November 2012
Hi
It should be 10% only. As per point of Taxation rule Sefvice Provided & Invoice rasied before 1 Apr then 10% rate will be applicable.
Thanks//Vaibhav
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It should be 10% only. As per point of Taxation rule Sefvice Provided & Invoice rasied before 1 Apr then 10% rate will be applicable.
Thanks//Vaibhav
Click thank button to convey your appreciation.
Message likes :
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19 November 2012
But i struck with a notification which states
the provision of 12%,Kindly again look into the matter.
the provision of 12%,Kindly again look into the matter.
20 July 2025
Since both the invoice and service were completed before 1-Apr-2012, the applicable service tax rate is 10%, not 12%, regardless of when the payment is received.
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