Fundamental Note on Service Tax

This query is : Resolved 

05 January 2008 Please send me note on servicetax ,
it's applicability,tax rates, ammendments etc.

06 January 2008 WHAT DO YOU MEAN FRIEND? TO WHICH SERVICE YOU NEED RATES AND APPLICABLIITY? ST IS APPLICABLE FOR MORE THAN 110 SERVICES WITH SOME ABATMENTS DEPENDS UPON THE NATURE OF SERVICE. THE RATE HOWERVER IS 12.36% INCL OF EC.

YOUR QUERRY IS TOO GENERAL WHICH NEED VERY ELEBARTORE ANS. IN FACT IT NEEDS REPRODUCTION OF ENTIRE ENACTMENT. KINLDY BE SPECIFIC AND I HOPE I CAN ANSWER THE SAME

WITH REGARDS

BSN G

08 January 2008 Service tax is on provision of service. There is no seperate enactment for service tax. It is governed by the Finance Act 1994 as amended from time to time. It is applicable in all parts of the country except jammu and Kashmir. The rate of tax is 12% plus 3% cess on 12%. So approximately it is 12.36%.please be specific.


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