04 June 2015
Sir, As we know service tax has changed to 14% from 1st of june but i have 1 query services that we provided in the month of may 2015 we will pay service tax for that in the month of june so it will be paid by 12.36% or 14 %
To simplify:- Rule 4 of Point of Taxation Rules change in effective rate of Service Tax: There are three events that occur in connection with a service
A. Issue of Invoice B.Payment received C. Provision of Service
If any two out of the three events have occurred on/before 31st May, the old rate of 12.36% shall be applicable.
If any two out of the three events have occurred on/after 1st June, the new rate of 14% shall be applicable.
CAclubindia
