10 April 2009
Hello everyone My query is regarding applicable rate of service tax.Suppose advance payment for a service is received in january 2009 at 12% and the same is paid to goverment.service is yet to be rendered in march 2009.What should be applicable rate?10% or 12%
As per my opinion and case of reliance industries ltd-2008 it should be 10 % as the point of levy is at time of rendering of services.please help.
CAclubindia
