At which rate should i collect service tax @ 14% or 12.36%
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 May 2015
As a service provider I am gonna deposit service tax by 07th of May 2015 for the month of April 15. I want at which rate should I deposit service tax to Govt @ 14% or @ 12.36%. Has 14% of service tax been effected since 01 April 2015???
04 May 2015
no new rate is applicable... til nw
til the new rate gets notified, old rate i.e. 12.36 % wil b there
til the new rate gets notified, old rate i.e. 12.36 % wil b there
04 May 2015
You need to wait for notification as the new rate is not yet notified. As of now 12.36% is applicable. Also check out the CBDT clarification from link given below:
https://www.caclubindia.com/news/cbec-clarifies-rate-of-service-tax-is-12-36--14824.asp
https://www.caclubindia.com/news/cbec-clarifies-rate-of-service-tax-is-12-36--14824.asp
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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