{"id":155,"date":"2015-07-11T06:30:07","date_gmt":"2015-07-11T06:30:07","guid":{"rendered":"http:\/\/caindelhiindia.com\/blog\/?p=155"},"modified":"2020-10-17T08:19:44","modified_gmt":"2020-10-17T08:19:44","slug":"tackled-of-new-service-tax-changes-applicable-from-1st-june-2015","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/tackled-of-new-service-tax-changes-applicable-from-1st-june-2015\/","title":{"rendered":"TACKLED OF NEW SERVICE TAX CHANGES APPLICABLE FROM 1st JUNE 2015"},"content":{"rendered":"<h2 style=\"text-align: justify;\"><strong><span style=\"color: #0000ff;\">TACKLED OF<\/span> <span style=\"color: #0000ff;\">NEW SERVICE TAX CHANGES APPLICABLE FROM 1st JUNE 2015<\/span><\/strong><\/h2>\n<p style=\"text-align: justify;\">As the service tax rate\u00a014% will be applicable from 1<sup>st<\/sup>\u00a0June 2015 vide Notification No. 14\/2015.<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ff6600;\">How change in Service Tax rate should be tackled?<\/span><\/p>\n<p style=\"text-align: justify;\">Please keep in mind the following yourself and prepare accordingly<\/p>\n<ul>\n<li style=\"text-align: justify;\">Service Provision is complete till 05.2015\u00a0and Invoice raised till\u00a031.05.2015\u00a0but Payment received on or after\u00a001.06.2015-12.36% applicable<\/li>\n<li style=\"text-align: justify;\">Service complete till 05.2015, Invoice raised on or after\u00a001.06.2015\u00a0but Payment is received till 31.05.2015\u00a0-12.36%<\/li>\n<li style=\"text-align: justify;\">Service Provision complete till 05.2015\u00a0and Invoice raised on or after\u00a001.06.2015\u00a0and Payment also received after\u00a001.06.2015-14%<\/li>\n<li style=\"text-align: justify;\">Invoice raised till 05.2015\u00a0in advance and some part of total consideration has been paid till\u00a031.05.2015 but Service Provision is being done on or after\u00a001.06.2015\u00a0-12.36% for such part payment, 14% for balance to be recd<\/li>\n<li style=\"text-align: justify;\">Entire consideration received till 05.2015\u00a0but no invoice raised till\u00a031.05.2015\u00a0and no service provided -14%<\/li>\n<li style=\"text-align: justify;\">Even if entire service has been provided on or after 06.2015\u00a0but both payment as well as invoicing has been done till\u00a031.05.2015\u00a0then -12.36<\/li>\n<\/ul>\n<p><!--more--><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ff6600;\">The simple method- there are three parameters-<\/span><\/p>\n<ul>\n<li style=\"text-align: justify;\">Service provided<\/li>\n<li style=\"text-align: justify;\">Payment received<\/li>\n<li style=\"text-align: justify;\">Invoice raised.<\/li>\n<\/ul>\n<p>If two parameters before\u00a01.6.2015\u00a0then old rate.If two after\u00a01.6.2015\u00a0then new rate.<\/p>\n<p style=\"text-align: justify;\">The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances; Hope the information will assist you in your Professional\u00a0endeavors. For query or help, contact: <a href=\"mailto:info@caindelhiindia.com\">info@caindelhiindia.com<\/a>\u00a0or call at\u00a0011-233 433 33<\/p>\n<p style=\"text-align: justify;\">\n","protected":false},"excerpt":{"rendered":"<p>TACKLED OF NEW SERVICE TAX CHANGES APPLICABLE FROM 1st JUNE 2015 As the service tax rate\u00a014% will be applicable from 1st\u00a0June 2015 vide Notification No. 14\/2015. How change in Service Tax rate should be tackled? Please keep in mind the following yourself and prepare accordingly Service Provision is complete till 05.2015\u00a0and Invoice raised till\u00a031.05.2015\u00a0but Payment &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[146],"tags":[555,566,502,501,569,572,561,549,541,537,562,560,550,538],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/155"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=155"}],"version-history":[{"count":5,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/155\/revisions"}],"predecessor-version":[{"id":2410,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/155\/revisions\/2410"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}