Rate of tax to be taken

This query is : Open

agam jain (Querist)
Follow

08 November 2012 if bill was raised before 1st april 2012 and the payment is received in current date than at what rate service tax is to be paid,i think it should be 10% but i found 12% is taken into account .suggest please

@VaibhavJ

@VaibhavJ (Expert)
Follow

08 November 2012 Hi

It should be 10% only. As per point of Taxation rule Sefvice Provided & Invoice rasied before 1 Apr then 10% rate will be applicable.

Thanks//Vaibhav
Click thank button to convey your appreciation.

Message likes : 1 times

agam jain

agam jain (Querist)
Follow

19 November 2012 But i struck with a notification which states
the provision of 12%,Kindly again look into the matter.

Upgrade to CAclubindia Pro. Subscribe Now!