Sbc
This query is : Resolved
CA Priyanka A Mundada
(Querist)
21 January 2016
My client is providing rental services of immovable properties. he has collected Post Dated Cheque for Service Tax as well as for Rent. when he accepted PDC the Service Tax rate was 14% but as from 15th Nov. SBC is applicable whether he is liable to collect SBC??
CA R SEETHARAMAN
(Expert)
22 January 2016
Yes he is liable to collect SBC. Post dated cheque can't be treated as receipt of payment.
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