service tax rate

This query is : Resolved

ajay sharma (Querist)
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05 March 2009 Can anybody clarify as what is the implication Of service tax.....in case invoice is raised before 24.02.09 with service tax @12.36 % for the period say 01.01.09 to 31.12.09 .....payment not realised ....customer wants to pay tax @10.30% for the pariod starting from 24.02.09

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
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05 March 2009 Customer is right. You will have to charge ST@10.30% after the date of notification.

K V Subba Rao

K V Subba Rao (Expert)
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05 March 2009 May the Querist please clarify how could a bill be raised before 24th Feb 09 for the period from 1st Jan 09 to 31st Dec 09

For improving knowledge, we could no doubt stretch our imagination but it should be to a reasonable extent

I would like to know how Mr Ajay, after completing CA and setting up practice, would like to solve similar problem, if ever posed his client

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