Service tax rate as per pot
This query is : Open
16 June 2015
good morning experts,
we received a bill of service receipt as on 25-may-2015 with service tax add 14%.
this bill of PR ACTIVITY CONTRACT FEE ( FROM 25-MAY-2015 TO 24-JUNE-2015). sir my doubt is that in this bill service provider add service tax @ 14%. but SIR AS PER POINT OF TAXTION ( POT) RULE SERVICE PROVIDER SHOULD ADD SERVICE TAX @12.36% PLEASE REPLY THANKS
good morning experts,
we received a bill of service receipt as on 25-may-2015 with service tax add 14%.
this bill of PR ACTIVITY CONTRACT FEE ( FROM 25-MAY-2015 TO 24-JUNE-2015). sir my doubt is that in this bill service provider add service tax @ 14%. but SIR AS PER POINT OF TAXTION ( POT) RULE SERVICE PROVIDER SHOULD ADD SERVICE TAX @12.36% PLEASE REPLY THANKS
NAMAN K DOKANIA
(Expert)
21 June 2015
As per POT, 3 things to be looked upon:-
1. SERVICE PROVIDED
2. PAYMENT RECD
3. INVOICE ISSUED
wherever any two of above falls, that rate will be applicable.
In ur case., pt. 1&2 falls after amendment i.e. @14%.
Hence, bill raised is correct.
1. SERVICE PROVIDED
2. PAYMENT RECD
3. INVOICE ISSUED
wherever any two of above falls, that rate will be applicable.
In ur case., pt. 1&2 falls after amendment i.e. @14%.
Hence, bill raised is correct.
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