Service tax rate
This query is : Resolved
01 May 2012
in case of GTA (i.e.transport of goods by road, receipient is paying service tax. now bills relating to jan and feb transports, we are paying in Apr 12. at what rate , we have to pay service tax i.e 10 or 12
01 May 2012
GTA:
You got to pay ST at old rates plus interest on ST collected for delay in deposit.
Receipient's perspective:
Service was availed in the FY 2011-12 and bills are ideally received with in a week. So you just need to release the payment.
You got to pay ST at old rates plus interest on ST collected for delay in deposit.
Receipient's perspective:
Service was availed in the FY 2011-12 and bills are ideally received with in a week. So you just need to release the payment.
Message likes :
1 times
01 May 2012
sir my query is whether we have to pay @ 10% or 12% for service taken and completed in the month of jan or feb 12 but bills are paid in the month of apr, now i have to pay service tax on or before 5th may, what will be the rate
01 May 2012
Have you read my reply? Haven't I mentioned the rate??
Rate, acccording to me, is 10% in your case.
Rate, acccording to me, is 10% in your case.
CA Nikhil Jhanwar
(Expert)
02 May 2012
Dear Expert. I am agreed with your view apparently. I just want to know your basis of taking this view that rate of tax shall be 10%. I dont think this is guided by any Rule
03 May 2012
Nikhil bhai,
In the absence of any rule or case for analysis the rationale got to be logical. Tax rate should correspond to the FY to which the transaction pertains to! It's only the payment(s) that is/are delayed.
In the absence of any rule or case for analysis the rationale got to be logical. Tax rate should correspond to the FY to which the transaction pertains to! It's only the payment(s) that is/are delayed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
