Service tax rate
This query is : Resolved
04 June 2015
Sir,
As we know service tax has changed to 14% from 1st of june but i have 1 query services that we provided in the month of may 2015 we will pay service tax for that in the month of june so it will be paid by 12.36% or 14 %
please reply its very urgent.
As we know service tax has changed to 14% from 1st of june but i have 1 query services that we provided in the month of may 2015 we will pay service tax for that in the month of june so it will be paid by 12.36% or 14 %
please reply its very urgent.
14 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.
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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