https://www.taxtmi.com/caselaws?id=292162 The Tribunal ruled in favor of the appellants, holding that the service tax rate applicable should be the one prevailing at the time of providing the service, not at the time of payment receipt. Citing a Delhi High Court decision, the Tribunal invalidated the Department of Revenue's circular supporting an enhanced rate for payments received after the rate increase, emphasizing that the taxable event for service tax is the rendition of service, not the receipt of payment. As a result, the Tribunal set aside the previous orders and allowed the appeals. en-us Tue, 11 Dec 2018 00:00:00 +0530 Tue, 08 Dec 2020 19:07:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292162 The Tribunal ruled in favor of the appellants, holding that the service tax rate applicable should be the one prevailing at the time of providing the service, not at the time of payment receipt. Citing a Delhi High Court decision, the Tribunal invalidated the Department of Revenue's circular supporting an enhanced rate for payments received after the rate increase, emphasizing that the taxable event for service tax is the rendition of service, not the receipt of payment. As a result, the Tribunal set aside the previous orders and allowed the appeals. Case-Laws Service Tax Tue, 11 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292162