Applicability of the rate of tax - Immovable property

[SPIC Ltd.]

What is the applicable rate of service tax for an invoice raised in the month of March for the services rendered in February esp. in relation to renting of immovable property? Pl clarify.

AI Summary

Service Tax Rate for Renting Property: 12% Before and 10% After February 24, 2009, per Recent Notification. A query was raised regarding the applicable service tax rate for an invoice issued in March for services related to renting immovable property provided in February. Two replies clarified that services rendered before February 24, 2009, would be taxed at 12%. After this date, the rate would change to 10%, as recently notified. It was suggested to calculate the rental separately for the period before and after February 24 to apply the correct tax rates.