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%.
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.
CAclubindia
