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Invoice as per new service tax rate of 14%

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 May 2015 Dear Experts,

Education cess and cess to be seperately shown under old service tax rate on invoice i.e 12%+2% of 12 %+1% of 12% .= 12.36%.

However new rate of service tax is all inclusive of cess. Therefore should we show only one rate of 14% in the invoice.

Regards,


21 May 2015 yes it wil b flat rate @ 14%


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