Regarding payment of service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 December 2012
Hi... friends Plz resolve this problem, If we raised an invoice in fy 2011-12 @10.3% But pay tax on payment basis which is received after april 2012(i.e rate increased to 12.36%), At wat rate we hav to pay service tax..???
08 December 2012
AS per Rule(4) of POINT OF TAXATION RULES, 2011
There are 3 criterion
1. Date of Invoice
2. Date of payment
3. Date of provision of Service
If any of the above 2 criterion falls before 01.04.2012 then rate 10.3%
However for 8 specified services such CA,CS...etc..POT will be date of payment hence 12.36% Service Tax.
There are 3 criterion
1. Date of Invoice
2. Date of payment
3. Date of provision of Service
If any of the above 2 criterion falls before 01.04.2012 then rate 10.3%
However for 8 specified services such CA,CS...etc..POT will be date of payment hence 12.36% Service Tax.
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- Annual return in Gst
- When TDS on GST applied
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
