TaxTMI 
TaxTMI 
TaxTMI 
What wil be the rate of tax if services are provided before 1 july and payment is received after 1 july?
Rate of Tax
Harsh Jindal
Understanding Service Tax Rates: Key Events Before and After July 1 Affect Applicable Rates A discussion on a forum addresses the applicable service tax rate for services provided before July 1, with payment received afterward. One participant states the tax rate is 12.36%, as clarified by the Department. Another mentions a Delhi High Court stay on an additional 2.06% for certain professionals. It is noted that the tax rate depends on the timing of three key events: the invoice date, payment receipt date, and service provision date. If two events occur before July 1, the rate is 10.30%; if after, it is 12.36%. (AI Summary)