Sunil Kumar Shrivas (Job) (232 Points)
21 April 2009hi,
As a service provider we had raised invoice in Nov -2008, but party had deducted amount due to short attendence in muster roll & paid us. Now it has cleared between us & agree to pay the deducted amount with requirement of new invoice(Supplementary Invoice). Here problem is created now that service tax rate has changed which is 10.30%. Should i raise invoice with current ST rate or older one. Please suggest how should i adjust it.
Sunil Kumar Shrivas
(Job)
(232 Points)
Replied 21 April 2009
| Originally posted by :Sunil | ||
| " | hi, As a service provider we had raised invoice in Nov -2008, but party had deducted amount due to short attendence in muster roll & paid us. Now it has cleared between us & agree to pay the deducted amount with requirement of new invoice(Supplementary Invoice). Here problem is created now that service tax rate has changed which is 10.30%. Should i raise invoice with current ST rate or older one. Please suggest how should i adjust it. |
" |
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 21 April 2009
The rate of service tax applicable is the rate applicable when the service was provided. Give the link to the earlier invoice while rasing this invoice at old rate.
Varun Pandya
(Practice)
(69 Points)
Replied 22 April 2009
| Originally posted by :Sunil | ||
| " | hi, As a service provider we had raised invoice in Nov -2008, but party had deducted amount due to short attendence in muster roll & paid us. Now it has cleared between us & agree to pay the deducted amount with requirement of new invoice(Supplementary Invoice). Here problem is created now that service tax rate has changed which is 10.30%. Should i raise invoice with current ST rate or older one. Please suggest how should i adjust it. |
" |
You need to raise it at initial rate of 12.36%
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