27 March 2009
The rent on immovable property for the month of February 2009 is billed and received in advance on 02.02.2009 in which service tax was charged at the rate of 12.36%.
Now the rate of service tax was changed w.e.f. 204.02.2009.
What will be the rate of service tax from 24.02.2009 to 28.02.2009 in this case?
Do I reqiure to refund the service tax due to the difference in rate from 25.02.2009 to 28.02.2009 to the tennant
But my doubt is that since it is a continuous service and the payment is billed and received in advance, then also is bifurcation after 24.02.2009 neccessary ?
CAclubindia
