banner_ad

Service payable

This query is : Open 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
05 June 2012 When we raised invoces in F Y 2011-12. But we have not paid service tax before 31.03.2012. If we pay service tax now, what is tariff of service tax, 10.3% or 12.36%. We have collected service tax 10.3% on invoices. Please clariffy.
Profile Image

CA Sagar Kotak

Profile Image

CA Sagar Kotak (Expert)
05 June 2012 Sir, I think the service tax payable @ 10.30%.

As per ST Law Service tax payment was due at as and when service got completed, but only its payment to government is postponed to at the time of receipt.
Profile Image

Dayal

Profile Image

Dayal (Expert)
06 June 2012 New levy is always effective from date of notification. It is not a retrospective amendment. Therefore in your case the provision of service was completed and payment was recd, you have only deferred the payment. So you pay what you collected along with interest @18%
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details