banner_ad

Service tax rate applicable

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 November 2014 SERVICE PROVIDE IN SEPTEMBER MONTH FOR FINISHING WORK BUT BILL IS ISSUED IN OCTOBER MONTH THEN SERVICE TAX ON PREVIOUS PERIOD WAS 60% (i.E 40% ABATEMENT) NOW RATE OF SERVICE TAX INCREASE 70% (I.E aBATEMENT 30%)
MY QUESTION IS THAT WHICH RATE APPLICABLE.
Profile Image

Kalam

Profile Image

Kalam (Expert)
21 November 2014 Refer Rule 4(a)(i) of Point of Taxation Rules -
In case a taxable service has been provided before the change in effective rate of tax— (i) where the invoice for the same has been issued and the payment received after the change in effective rate of tax, the point of taxation shall be date of payment or issuing of invoice, whichever is earlier;

I understand that you got the payment after invoicing in Oct - and hence the rate effective in Oct would be applicable. However if you have received the payment in Sep or before rate prevailing in Sep would apply.

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
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details