https://www.taxtmi.com/news?id=774 The controlling principle is that service tax rate applicability is ordinarily determined by the date on which the service is rendered or the contract is entered into, not by subsequent billing or later receipt of payment; advance receipts are taxed at the rate in force on the date of receipt and hire purchase contracts are governed by the rate prevailing on contract date. en-us Fri, 06 Mar 2009 10:42:13 +0530 Tue, 17 Mar 2009 09:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=774 The controlling principle is that service tax rate applicability is ordinarily determined by the date on which the service is rendered or the contract is entered into, not by subsequent billing or later receipt of payment; advance receipts are taxed at the rate in force on the date of receipt and hire purchase contracts are governed by the rate prevailing on contract date. News - Fri, 06 Mar 2009 10:42:13 +0530 https://www.taxtmi.com/news?id=774