Service tax rate on old advance
This query is : Resolved
10 December 2013
Kind Atten: Experts
We are being a pvt ltd company received 100% advance an amount of Rs. 2.05 crore as on 05.11.2011 @ 4.12% service tax for works contract
We have completed above said works by Nov-13, now submitting the bill to party
What is the service tax is payable by us, since there is a change in service tax as per new ruls i.e 4.944%
kindly help us.
mahesh
Kind Atten: Experts
We are being a pvt ltd company received 100% advance an amount of Rs. 2.05 crore as on 05.11.2011 @ 4.12% service tax for works contract
We have completed above said works by Nov-13, now submitting the bill to party
What is the service tax is payable by us, since there is a change in service tax as per new ruls i.e 4.944%
kindly help us.
mahesh
10 December 2013
since payment have already been rec before chanfe in rate then the old rate only shall apply.
11 December 2013
Thanks very much Mr. Tushar,
Please provide if any case laws about this issue, it will helpful for me in future
Please provide if any case laws about this issue, it will helpful for me in future
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