At which rate should i collect service tax @ 14% or 12.36%

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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???

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)

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

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

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

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

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

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