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Service tax

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(Querist)
13 June 2015 if the Service Provide in the M/o May 2015 and Bill raised for Service in the M/o June 2015 (after increased the Service Tax) then what is the % of Services Tax applicable.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
13 June 2015 Switch over to new rates.
To simplify:-

Rule 4 of Point of Taxation Rules change in effective rate of Service Tax:

There are three events that occur in connection with a service

A. Issue of Invoice
B.Payment received
C. Provision of Service

If any two out of the three events have occurred on/before 31st May, the old rate of 12.36% shall be applicable.

If any two out of the three events have occurred on/after 1st June, the new rate of 14% shall be applicable.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 June 2015 !4% service tax applicable considering invoice and payment made in June.
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