Applicability of new service tax rates

This query is : Resolved 
 

(Querist) 17 March 2012

sir ,
in budget 2012 the exemption notification of 2 % has been taken away by pranab da.so now the service tax rate is 12 %. sir this service tax rate in practicle would be applicable from 1st april 2012 ..
sir i am giving my exam in may 2012 ..so whether this rate(12%) is applicable for my may 2012 examination ?


CA Dileep Surya Kumar (Expert) 17 March 2012

All the Notifications and circulars up to October are applicable for May 2012 ,

New rates change effective from 17/03/2012.

So Not applicable for May 2012 exams.

( existing 10% rate applicable)

B.Chackrapani Warrier (Expert) 17 March 2012

12 % is w.e.f 01/04/2012 as a corollary to notification 02/2012 dated 17/03/2012.
Enhanced rate is not applicable for May 2012 eaxmination.



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