Point of taxation of servie tax

The point of taxation of service tax is the date of recipt of invoice if the same is received within 14 days from date of completion of work. Or otherwise date iof receipt of service.

 

In this case if a service is recieved in the month of march, however invoice is recieved in  the month of april, the applicable servie tax will be 10.30% rit rather than 12.36%

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Rate will be 12.36 . However if payment made in the of march , rate will be 10.30

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