CA
1262 Points
Joined July 2009
Pls clarify on this sir...
/forum/sec-67a-and-pot-rule-5-new-levy-243153.asp#.UUmfoJBTApk
The issue that is say is that, shouls POT be determined as per rule 4, even if rate is determined by 67A.
Again, when service is rendered before first time levy, the rate for that serice tax will be zero. Hence, My point is that if service is rendered before a new levy, eventhough payment is recived after new levy, it wont be taxed, because as per 67A rate revailing on date of provision is relevant.