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 ?
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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