21 May 2015
One of our client to whom Rule 6 is applicable i.e Rs 50 lakh exemption to whom service tax can be payable on receipt basis.So if the service is provided by him before change of tax rate(before 1.6.2015) and bill done @ 12.36% so at what rate payment should be received?i.e 12.36% or 14%. Please reply.
21 May 2015
Pl.refer point of taxation rules,2011,as amended from time to time for yt query ,as it provides for all circumstances ,when the payment of service tax becomes due ,more particularly if the invoice is raised and service is completed before change in service tax ratye vis a vis the Receipt of payment ,in the specified case as stated by u in the query.tks sagar mal pareek,Bharuch(Gujarat)9824346469,smpfca@gmail.com
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