Thursday, May 21, 2015

Rate of Service tax When the Invoice Raised before or after 01.06.2015

Analysis of Effective Rate of Service Tax applicable:

Sr. No.
Service Provided
Invoice w.r.t. rate change
Payment w.r.t. rate change
Point of Taxation rate
Rate of Service Tax
1.
Before rate change
After
After
4(a)(i)
14%
2.
Before rate change
Before
After
4(a)(ii)
12.36%
3.
Before rate change
After
Before
4(a)(iii)
12.36%
4.
After rate change
Before
After
4(b)(i)
14%
5.
After rate change
Before
Before
4(b)(ii)
12.36%
6.
After rate change
After
Before
4(b)(iii)
14%

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