Hi
One of the clients has calculated service tax output @ 10.3% instead of 12.36 %, my queries :
a.) Should the difference be computed by removing 10.3% say if invoiced is 30000, St is 3090, shoul i back calculate on 30000 only the differnce of 12.36 - 10.3 ?
b) The party has paid 10.3% only on september 12. So should theinterest for 10.3 % be calulated till that date & for remaining viz., 12.36%-10.3% till the due date of payment.
Kindly reply with respect to service tax provisions
CAclubindia
