Service tax rates applicable

Doesnt matter if payment received in the month of May or June. If invoice for the particular services is raised before 31st March 2012, then 10.30% service tax is applicable. Payment date becomes a POT only in caswe of GTA, wherein you have to pay tax on GTA to govt.

as per point of taxation rules

it is immaterial when you receive the amount,but you need to issue the invoice with in 14days from the completion of service,BUT ON THE DATE OF INVOICE(14DAYS) NEW RATE MAY BE APPLICABLE,STILL U NEED TO PAY ST @ 10.30%

foreg:IF U RENDER TAXABLE SERVICES IN MARCH20  AND ISSUE THE INVOICE ON APRIAL 2(WITH IN 14DAYS) WHERE THERE IS APPLICABILITY RATE IS 12.36%,STILL U NEEN NOT TO PAY 10.30%ONLY

Point of taxation rules - the service tax is due on accrual basis, hence the tax rate is only 10.3%