About current st rate

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This query is : Resolved

Satendra Mishra (Querist)

31 March 2015 Dear Sir/Madam,

Please tell me the current Service tax rate bifurcation which will applicable from 01/04/2015.

Thanking You,
Satendra Mishra

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

31 March 2015 there is no notification for applicability of new service tax rate from the service tax dept....so it will continue to be 12.36%

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

01 April 2015 Please refer D.O.F. No. 334/5/2015-TRU Dated 28.02.2015 from link given below:

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

In point No. 3.1 it is clearly mentioned that "The rate of Service Tax is being increased from 12% plus Education Cesses to 14%. The ‘Education Cess’ and ‘Secondary and Higher Education Cess’ shall be subsumed in the revised rate of Service Tax. Thus, the effective increase in Service Tax rate will be from the existing rate of 12.36% (inclusive of cesses) to 14%, subsuming the cesses.

In Point No. 3.3 it is also mentioned that "The new Service Tax rate 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.

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