If service tax invoice issued in the month of march 2012 or prior to new service tax rates applicablity and income was also taken in the privouse year 2011-2012 and service tax paid and returns filed for the same half year but payments for those pending invoices received in month of may and june 2012 what rate of service tax shall be applicable? 10.30% or 12.36%?
and how the accounting will be done? shud we recover difference amount of service tax from client if service tax is appliable 12.36%???????
Rgds
Kamal Sachdeva
CAclubindia
