What if I have received Service tax in excess?
This query is : Resolved
05 November 2009
If the payment for bill raised in Nov.08 was received in March'09 and it was dishonored and I received the cheque again in April'09. Service tax has also been received @12.36% then I would be paying the same to Govt. at the same rate or I would be liable to refund the excess amount to the party? How should I account for it?
05 November 2009
Service tax was Reduced from 12% to 10% by
NOTIFICATION NO. 8/2009-ST Dated: February 24, 2009 any service rendered before this date would attract 12.36% tax.
NOTIFICATION NO. 8/2009-ST Dated: February 24, 2009 any service rendered before this date would attract 12.36% tax.
05 November 2009
Rate of service Tax is concern of Bill date.If u have raised the Bill before 24 feb,2009 than U r liable to pay 12.36%
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