18 April 2009
A bill was raised in October'08 @ 12.36% service tax but our client is making payment of it in April'09. Now, will the client has to pay 12.36% service tax or 10.3%? If 12.36% is paid, what will be the input credit 12.36% or 10.3% for the month of April'09?
18 April 2009
Service tax is on the provision of the service, the service was provided in october, service tax @12.36% , credit equivalent to 12.36% eligible.
CAclubindia
