Wrong rate of service tax is charged

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 December 2012 during the audit it was found that , Invoice is raised as on January 16th 2012, Service Tax charged @10.3%. The bill has been booked as journal as on 1.8.2012. Can you inform me which are the laws are violated by this accounting?
I feel AS- 9 on Revenue recognisition has been violated as the income was to be booked as on 16.01.2012.
Also if invoice is booked on 1.8.2012 service tax should be 12.36%.

@VaibhavJ

@VaibhavJ (Expert)
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19 December 2012 Hi

In service tax as per rule 4A invoice is required to be raised in 15 days (30 days from 1 Apr 12) post completion of service provided, so there is non compliance.

Thanks