TaxTMI 
TaxTMI 
Chartered Accountant services, the audit completed on 30.09.2015, the invoice is issued on 30.09.2015. But payment is received on 16.11.2015 . Whether rate of service tax be 14% or 14.5% , The books of account maintained on Cash basis of accounting .
point of taxation ca services
11 Nov 2015 
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Point of taxation: invoice and service dates govern cess applicability, not later receipt of payment.
The applicable service tax rate is determined by reference to any two of three events: service provision date, invoice issuance date, and receipt of consideration. If both service completion and invoice issuance occur before the levy of the Swachh Bharat Cess, the pre-cess rate applies even if payment is received after the levy. Administrative clarification and Rule 5 treat the cess as a new levy, with limited exceptions where invoice timing around the levy may affect applicability. (AI Summary)
The applicable service tax rate is determined by reference to any two of three events: service provision date, invoice issuance date, and receipt of consideration. If both service completion and invoice issuance occur before the levy of the Swachh Bharat Cess, the pre-cess rate applies even if payment is received after the levy. Administrative clarification and Rule 5 treat the cess as a new levy, with limited exceptions where invoice timing around the levy may affect applicability. (AI Summary)