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Service Tax Change-14% for REFX (Quarterly invoicing)

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Hi Team,

 

We have contracts valid from last FY. We have periodic billing/quarterly billing. April, May and June due will be Invoiced at the month of June (Quarterly invoicing). Currently for April and May, the system is considering Service Tax of 12.36% and for items due in June, the system considering 14% service tax.

 

Since the posting date of the rent is in June 2015 (current period), the new  tax rate of 14% should be applicable even for Apr & May when doing a quarterly invoicing.


Please provide the steps to be taken to resolve this.

 

Thanks and Regards,

 

R Rajavelu


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