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Breakup of service tax rate 14.5%

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(Querist)
01 December 2015 Dear Sir,

Please tell me the breakup of Service Tax @14.5% relating Education Cess & Secondary Education Cess & SBC
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Suresh Ramaswamy

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Suresh Ramaswamy (Expert)
01 December 2015 Effective 15th November 2015, SB Cess @0.5% is levied. This percentage is on the value of services rendered i.e on the invoice amount. Hence the effective rate of ST has gone uup to 14.5%.

Departmental Notifications have clarified the following points:

(a) The service invoice should separately show the Service Tax amount @ 14% and the SB Cess @ 0.5%. Otherwise the invoice is an invalid document for availing CENVAT Credit.

(b) SB Cess has to be paid only in cash i.e. online.

(C) SB Cess is not Cenvatable i.e. no input credit for payment of SB Cess can be availed of by the recipient of services.

(d) With effect from 01st June 2015, there is no levy of Education Cess & SHE Cess, as the same have been subsumed in the increased duty rate of 14%.
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