Service tax rate as per pot
This query is : Open
16 June 2015
good morning experts,
we received a bill of service receipt as on 25-may-2015 with service tax add 14%.
this bill of PR ACTIVITY CONTRACT FEE ( FROM 25-MAY-2015 TO 24-JUNE-2015). sir my doubt is that in this bill service provider add service tax @ 14%. but SIR AS PER POINT OF TAXTION ( POT) RULE SERVICE PROVIDER SHOULD ADD SERVICE TAX @12.36% PLEASE REPLY THANKS
good morning experts,
we received a bill of service receipt as on 25-may-2015 with service tax add 14%.
this bill of PR ACTIVITY CONTRACT FEE ( FROM 25-MAY-2015 TO 24-JUNE-2015). sir my doubt is that in this bill service provider add service tax @ 14%. but SIR AS PER POINT OF TAXTION ( POT) RULE SERVICE PROVIDER SHOULD ADD SERVICE TAX @12.36% PLEASE REPLY THANKS
21 June 2015
As per POT, 3 things to be looked upon:-
1. SERVICE PROVIDED
2. PAYMENT RECD
3. INVOICE ISSUED
wherever any two of above falls, that rate will be applicable.
In ur case., pt. 1&2 falls after amendment i.e. @14%.
Hence, bill raised is correct.
1. SERVICE PROVIDED
2. PAYMENT RECD
3. INVOICE ISSUED
wherever any two of above falls, that rate will be applicable.
In ur case., pt. 1&2 falls after amendment i.e. @14%.
Hence, bill raised is correct.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Application of 115BAC
- RCM - commercial rent paid to URP under GST
- Offsetting interest income against derivative trading losses
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
