Service tax bill

Hi Niraj,

ST rate will be 10.30%. 

Yes you need to pay interest. No need to pay penalty now.

Sir, Thanks for replying but i have a question regarding interest why should i pay interest as i have not received any amount from party regarding the service provided.

kindly explain,if there is any notification or reference, kindly provide the same.

Regards

Niraj

Dear Niraj,

In this regard please refer Point of Taxation (Amendment) Rules, 2012  as under -

a) the time when the invoice for the service provided or to be provided is issued : 

“Provided that where the invoice is not issued within the time period specified in rule 4A  of the Service Tax Rules,1994  (thirty days),  the point of taxation shall be the date of completion of provision of the service”.