hi,
As a service provider we had raised invoice in Nov -2008, but party had deducted amount due to short attendence in muster roll & paid us. Now it has cleared between us & agree to pay the deducted amount with requirement of new invoice(Supplementary Invoice). Here problem is created now that service tax rate has changed which is 10.30%. Should i raise invoice with current ST rate or older one. Please suggest how should i adjust it.
| Originally posted by :Sunil | ||
| " | hi, As a service provider we had raised invoice in Nov -2008, but party had deducted amount due to short attendence in muster roll & paid us. Now it has cleared between us & agree to pay the deducted amount with requirement of new invoice(Supplementary Invoice). Here problem is created now that service tax rate has changed which is 10.30%. Should i raise invoice with current ST rate or older one. Please suggest how should i adjust it. |
" |
The rate of service tax applicable is the rate applicable when the service was provided. Give the link to the earlier invoice while rasing this invoice at old rate.
| Originally posted by :Sunil | ||
| " | hi, As a service provider we had raised invoice in Nov -2008, but party had deducted amount due to short attendence in muster roll & paid us. Now it has cleared between us & agree to pay the deducted amount with requirement of new invoice(Supplementary Invoice). Here problem is created now that service tax rate has changed which is 10.30%. Should i raise invoice with current ST rate or older one. Please suggest how should i adjust it. |
" |
You need to raise it at initial rate of 12.36%
CAclubindia
