Renting of immovable property - service tax
This query is : Resolved
Somasekharan C
(Querist)
21 April 2009
I came to understand that the rate of Service Tax reduced from 12% to 10% with effect from 24.02.2009. I have been prepared the bill for the premises rented, on the last day of the month (in February it is 28.02.2009) and charged the service tax @10% for the whole month. Please let me know the rate charged is correct or not. My argument is that while preparing the bill the rate of tax is 10%.
Brij Bhushan Sangal
(Expert)
21 April 2009
Dear ,
as per service tax act, service tax will be charged at the rate specified in section 66. means upto 23 feb,2009 section said 12% and then after 10%. Means no question and relivance that when you prepare bill.
as per service tax act, service tax will be charged at the rate specified in section 66. means upto 23 feb,2009 section said 12% and then after 10%. Means no question and relivance that when you prepare bill.
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