Rate of Service Tax

This query is : Resolved

Sanjeev Jain (Querist)
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28 November 2008 I have provided Service When Service Tax Rate is 10.20 % and raised bill by charging 10.20 % , When Payment received Service Tax Rate is changed to 12.36 %, on which rate i have to pay Service Tax.

which circular/ Notification support this issue.

Rashmi

Rashmi (Expert)
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28 November 2008 Service tax has to be paid @12.36%. There is a clear clarification for the same in the transition guidelines.

Sanjeev Jain

Sanjeev Jain (Querist)
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29 November 2008 I have provided Service When Service Tax Rate is 10.20 % and raised bill by charging 10.20 % , When Payment received Service Tax Rate is changed to 12.36 %, on which rate i have to pay Service Tax.

which circular/ Notification support this issue.

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Jitender

Jitender (Expert)
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30 November 2008 u need to pay service tax @ 10.2% .
u can refer case of Reliance industries which is recently settled ,that rate will be applicable when services are provided.