Service tax on professional fees

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 September 2012 Professional Fees for the Financial Year 2011-12 received in the financial year 2012-13.Then what service tax will be charged? It is 10.30% or 12.36%

CA Navin Jain

CA Navin Jain (Expert)
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04 September 2012 IF TWO CONDITION IS FULFILD IN FINACIAL YEAR 11-12 THEN SERVICE TAX WILL BE CHARGED 10.30%

1. INVOICE HAS BEEN MADE IN 11-12
2. SERVICES HAS BEEN COMPLETED IN 11-12
3. PAYMENE HAS BEEN RECEIVED IN 11-12

IF TWO CONDITIONS IS FULFILED FROM THE ABOVE MENTIONED THREE CONDITIONS THEN ST WILL BE CHARGED 10.30%.