Will be the applicable service tax rate for works done before 1st June,2015 but billed after 1st June,2015.
Pranjal (Student CA IPC / IPCC) (531 Points)04 July 2015
Replied 05 July 2015
As per Rule - 4 of Point of Taxation Rules, 2011 if payment is also received 1st June, 2015 than, earlier of date of payment or date of invoice would be the point of taxation & rate would be 14%
But if payment has already been received before 1st June, 2015, than point of taxation would be the date of payment & rate would be 12.36%
2 Days Certification Course on Advance Excel with Chat GPT and AI
2 Days Certification Course on Chat GPT and AI Tools for Professionals