22 April 2009
At which rate service tax will be charged the rate prevailant at, the time of receipt or the time of invoice or the time of service being rendered????...
23 April 2009
If Rs. 5 Lakhs received in advance when the service tax rate was Nil and afterwards when the services are rendered the service tax rate is 10%
23 April 2009
It is a consumption based tax If service has been provided and consumed, service tax will be payable at the rate it prevailed with the service was rendered, irrespective of the change when the invoice is raised
02 May 2009
The rate prevailing at the time of rendering the services.
It has nothig to do with receipt of advance. If you have recd advance but not render the service, then you are not liable to pay service tax on that amount.
CAclubindia
