Service tax rate
This query is : Resolved
Srimannarayana
(Querist)
29 March 2016
We have provided Scientific and Technical Services
Services provided form May 2014 to Dec 2015
Date of Invoice issued are as follows:
1st Invoice on19/04/2014
2nd Invoice on 18/07/2014
3rd Invoice on 24/02/2015
Payment was received is as follows:
Ist Payment on 01/05/2014
2nd payment on 10/10/2014
3rd payment on 18/05/2015
Now my question is what is the service tax rate 12.36% or 14.5% we are going to pay Service Tax in this month march 2016.
Services provided form May 2014 to Dec 2015
Date of Invoice issued are as follows:
1st Invoice on19/04/2014
2nd Invoice on 18/07/2014
3rd Invoice on 24/02/2015
Payment was received is as follows:
Ist Payment on 01/05/2014
2nd payment on 10/10/2014
3rd payment on 18/05/2015
Now my question is what is the service tax rate 12.36% or 14.5% we are going to pay Service Tax in this month march 2016.
CA Darshan
(Expert)
29 March 2016
Since the Invoice was raised before 01/06/2015 and payment is also received before 01/06/2015 i.e. Before the change of Rate from 12.36% to 14%. So u are liable to pay Service Tax @12.36% i.e. Old Rate.
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