Change in S.Tax 12.36 To 10.3

This query is : Resolved

n. bhaskar sarma (Querist)
Follow

20 March 2009 Hi,

I want to know the rate applicable 10.3 % is from 24.02.09.

My query is

My billing date is 03.03.2009 but period of billing is Jan-2009 what will be S.Tax applicable?

Thanks
Bhaskar

CA LOKESH KASAT, FCA, M.Com

CA LOKESH KASAT, FCA, M.Com (Expert)
Follow

20 March 2009 10.3% if not taken the advance

n. bhaskar sarma

n. bhaskar sarma (Querist)
Follow

20 March 2009 Thanks

Bhaskar

Upgrade to CAclubindia Pro. Subscribe Now!

Shyam Lal Naik

Shyam Lal Naik (Expert)
Follow

20 March 2009 Beg to differ.

The rate of tax applicable on the date of rendering of service is applicable.

If the service has been rendered in Jan'09, Rate is 12.36%.

Ram Avtar Singh

Ram Avtar Singh (Expert)
Follow

20 March 2009 Sh. Shyam lal Naik is right. service tax to at that period applicable 12.36%. so please charged 12.36%

K V Subba Rao

K V Subba Rao (Expert)
Follow

20 March 2009 "...date of rendering of service is relevant for the charges to be made by the service provider and therefore service tax will also be on the basis of rate prevailing on the date of providing service"

Source: http://www.taxmanagementindia.com/visitor/detail_Article.asp?ArticleID=232

HUZAIFA HUSSAIN

HUZAIFA HUSSAIN (Expert)
Follow

20 March 2009 I AGREE WITH MR. K.V.SUBBA RAO