Service tax change in rate

Krutika Khedkar (Chartered Accountant) (77 Points)

28 May 2015  

We have raised invoices of ALF in which service tax has been charged @ 12.36%. Total amount is around 15 lakhs. No payment received yet. That means we'll hav to pay service tax to Govt @ 14%, which will be a huge loss for the company.

Can we revise all the invoices raised before 1st June to after 1st June?