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


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


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