22 September 2016
I am working with a construction company we have worked with educational trust for the fy 2011-12 and we have raised the final bill for building work. on that time service tax was exempted for educational trust . we have some dispute from our client so payment was with held after arbitration we have received the payment for the fy 2015-16 now service tax is applicable or not please clarify
23 September 2016
As work is completed and invoice is raised during the exempted period, no service tax payable now for the payment received, as per Point of Taxation Rules.
CAclubindia
