Stay by Delhi HC to CBEC circular dated 8-5-2012 reg service tax on invoices prior to 31-3-2012

CBE&C has issued circular dated 8-5-2012 stating that even if service was provided before 31-3-2012, service tax will be payable @ 12% if ayment is received after 1-4-2012.

Hon. Delhi High Court has garnted stay to this circular on 27-7-2012 in a writ etition filed by Delhi CA Society. Next hearing is fixxed o 14th AUgust 2012

V S Datey

 Author of books on Indirect Taxes and Corporate Laws,  Mobile 0 98231 55883.
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