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.
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