when we providing the service to the receiver the rate was 12 and when we billed and amount recived the rate was 10. how we raise the bill what rate of tax.
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service tax query
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| Originally posted by :sudhir gautam | ||
| " | when we providing the service to the receiver the rate was 12 and when we billed and amount recived the rate was 10. how we raise the bill what rate of tax. | " |
Service tax is chargable at the rate applicable at the time of providing the serviec, (and not the rate at the time of raising invoice).
If possible split the invoice net amount on pro-rata basis of: upto 23rd Feb, and after 23rd Feb. Them apply 12%+cess for the first amount, and 10%+cess for the second amount.
If you cannot split the amount on pro-rata basis, you will be forced to charge the whole amount at 12%+cess service tax.
ST is applicable on the date of provding the service. Under law you require to bill @ 12% only + Cesses.
No option in my view of other rates. Law also requires that billing be done within 14 days of provding the services.
is service tax can refund from telephone bill also
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