POT rule on ddebtors, Service Tax

[kamal mall]

Dear Sir,

If in my books Debtors of ₹ 100000/- is stood i.e. Service provided and invoice raised before 31st May 2016 but payment not received then whether Krishi Kalyan cess would be paid? However i had already paid service tax on 1 lacs before 31st May 2016.

Posts / Replies

[MADAN RAHEJA]

Dear Sir, Krishi Kalyan Cess will not apply to service rendered prior to 1st June as it is a case of new levy which is effective from 1st June and Point of Taxation Rules are not applicable as it is not a case of change in rate of service tax.

[Ganeshan Kalyani]

Sir, KKC is applicable in your case. Payment of service tax is not a criteria but payment of service of service amount does. Thanks.

[KASTURI SETHI]

I agree with Sh.Ganeshan Kalyani, Sir.

[MADAN RAHEJA]

I stand corrected. Thanks Sh. Kalyani and Sh. Sethi

[VAMSI KRISHNA]

SIR, I Agree With MADAN RAHEJA