Applicability of 14 % service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 April 2015 Sir

New F.Y has been started and i m still confused what rate of service tax, I should apply 12 or 14% please confirme me the current rate of service tax.

Thanks & Rgds

Mukesh Kumar Sabri

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
Follow

17 April 2015 no confusion is there... current rate is 12.36 % with cess... and it wil b in use until the new rate comes in notification

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

17 April 2015 since new rates are not notified by dept so continuine using 12.36% only.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

17 April 2015 Current rate of service tax is 12% only 14% will be applicable from a date to be notified after passing Finance bill.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

19 April 2015 May please refer CBEC Clarification from link given below in this regard:

https://www.caclubindia.com/news/cbec-clarifies-rate-of-service-tax-is-12-36--14824.asp#.VTPLriGqqko

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

19 May 2015 Revised Service Tax Rate will be applicable from 01.06.2015.

Refer Notification No 14/2015 Dated 19.05.2015 from link given below:

https://www.caclubindia.com/forum/files/555789_20150519211107_notification.pdf

https://www.caclubindia.com/forum/files/555789_20150519213343_tru_letter.pdf