TMI BlogNew Service Tax RateX X X X Extracts X X X X X X X X Extracts X X X X ..... New Service Tax Rate X X X X Extracts X X X X X X X X Extracts X X X X ..... e of new service tax rate i.e. @14%. If it is not passed in parliament can we issue service tax invoice @12.36%. Further if it is passed in parliament in later with effect from 01.04 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .15 then how we will recovered that difference from our customers. Please guide us. Reply By ganeshan kalyani: The Reply: The CBEC has clarified with notification that the new rate of Service tax w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ould come into effect from the date to be notified. Till such time the existing rate of service tax has be applied. Further, it depends whether the new rate will be prospective or retrospective. rega ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rds, ganeshan Reply By Tax Baniya: The Reply: Do not issue service tax @ 14%, issue service tax invoice @12.36% till the date government not notified. Click here to know in detaile ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d provision Amendment in service tax rate
Reply By MARIAPPAN GOVINDARAJAN:
The Reply:
Yes, I agree with the advice of the experts. X X X X Extracts X X X X X X X X Extracts X X X X
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