Respected Sir & Colleagues
I hv came across one problem plz do the need to solve it, my problem is here under
If suppose any service provider renders his services in m/o feb & march 06, but he raised bill to his client in may06.
My Quirey is at what rate he will charge service tax?
At the rate of 10 percent- rate at the time when service was provided.
OR
At the rate of 12 percent- rate at the time of raising bill.
Plz provide your opinion based on relevant section of the Act.
Thanks & Regards
rate of tax to be applied is at the rate at the time service is provided. Therefore, @ 10.2%.
Here you have violated the rules. The bill should be raised within 14 days from rendering service. Raising bill after 14 days may attract penalty of 1000.
CAclubindia
