31 December 2015
Sir,
If I hv recd the amount in December but the invoice was raised on 1st nov or on 1st oct so what rate wud be applicable in such a case ?? 14 or 14.5 % ??
Also if the service is provided on a continuous basis for eg renting of immovable property then what would b the rate ??
31 December 2015
Budget 2015 has increased service tax rate from 12.36% to 14%. The basic rate of service tax is now 14% and no education cess will be levied to it.
However, swachh Bharat cess – 0.5% has been levied from 15th Nov, 2015. So effective rate will be 14.5%.
CAclubindia
