Applicability of 14 % service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 April 2015
Sir
New F.Y has been started and i m still confused what rate of service tax, I should apply 12 or 14% please confirme me the current rate of service tax.
Thanks & Rgds
Mukesh Kumar Sabri
New F.Y has been started and i m still confused what rate of service tax, I should apply 12 or 14% please confirme me the current rate of service tax.
Thanks & Rgds
Mukesh Kumar Sabri
CA AnKiT BoHrA (AB)
(Expert)
17 April 2015
no confusion is there... current rate is 12.36 % with cess... and it wil b in use until the new rate comes in notification
17 April 2015
since new rates are not notified by dept so continuine using 12.36% only.
CA R SEETHARAMAN
(Expert)
17 April 2015
Current rate of service tax is 12% only 14% will be applicable from a date to be notified after passing Finance bill.
19 April 2015
May please refer CBEC Clarification from link given below in this regard:
https://www.caclubindia.com/news/cbec-clarifies-rate-of-service-tax-is-12-36--14824.asp#.VTPLriGqqko
https://www.caclubindia.com/news/cbec-clarifies-rate-of-service-tax-is-12-36--14824.asp#.VTPLriGqqko
19 May 2015
Revised Service Tax Rate will be applicable from 01.06.2015.
Refer Notification No 14/2015 Dated 19.05.2015 from link given below:
https://www.caclubindia.com/forum/files/555789_20150519211107_notification.pdf
https://www.caclubindia.com/forum/files/555789_20150519213343_tru_letter.pdf
Refer Notification No 14/2015 Dated 19.05.2015 from link given below:
https://www.caclubindia.com/forum/files/555789_20150519211107_notification.pdf
https://www.caclubindia.com/forum/files/555789_20150519213343_tru_letter.pdf
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