Rate of service in a.y. 2012-13

This query is : Resolved 

Querist : Anonymous (Querist) 07 July 2012

What is the rate of service tax in 2012-13?

CMA. CS. Sanjay Gupta (Expert)

07 July 2012

Service Tax Rate :
FY 2011-12 = 10.20%
FY 2012-13 = 12.36%

Change in main rate of service tax: Notification No. 08/2009 dated 24.02.2009 was issued to reduce rate of service tax from 12% to 10%. The said notification has been rescinded by Notification no. 02/2012 dated 17.03.2012 w. e. f. 01.04.2012. Thus, now, w. e. f. 01.04.2012, effective rate of service tax (including education cess and S. H. Cess) has been increased to 12.36%.

07 July 2012

FY 2012-13 =12.36%

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
24 July 2012

Yes I agree with the experts

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