Service tax rate

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Querist : Anonymous

Querist : Anonymous (Querist)

28 March 2015 from 1st april 2015 what is service tax rate applicable

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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28 March 2015 Please refer D.O.F. No. 334/5/2015-TRU Dated 28.02.2015 from link given below:

http://www.cbec.gov.in/ub1516/do-ltr-jstru2.pdf

In Point No. 3.3 it is clearly mentioned that "The new Service Tax rate of 14% shall come into effect from a date to be notified by the Central Government after the enactment of the Finance Bill, 2015."

So till the new rates are notified Service Tax rate will be 12.36%. So as of now new rates are not applicable from 01.04.2015.

Querist : Anonymous

Querist : Anonymous (Querist)

31 March 2015 Thanks for the reply,but as per the finance bill service tax on manpower supply under revers charge 100%.
That means we have to calculate 12.36% on manpower supply under reverse charge as a company from 01.04.15 till new rate come into effect

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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31 March 2015 Yes you are correct. Check out the below link for details:

http://www.simpletaxindia.net/2015/03/impact-of-partial-reverse-charge-to.html