Service tax change in rate

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Chartered Accountant
47 Points Posted on 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?

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On 28 May 2015 at 17:37 Report
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CMA
9106 Points Posted on 28 May 2015
Actually in this case, st is payable at the rate at which invoice is raised provided the provision of service is done before 1st June, even though payment is received later. So if invoice is raised n service is also provided before June 1st, st will be 12.36%.
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On 28 May 2015 at 21:20

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