list of the rate of service tax on different services
This query is : Resolved
08 April 2009
hello everybody,
can anyone give me the list of service tax charged on different catageries or on different services.
i will be glad to get this.
regards
sachin
can anyone give me the list of service tax charged on different catageries or on different services.
i will be glad to get this.
regards
sachin
11 April 2009
The current rate of service tax is 10% plus 2% ed cess and 1% SHE cess.
All services are subject to this rate
But there are 12 services which enjoy abatement from the taxable value.
Eg. Rent a cab services gets 60% abatement
so if he raises a bill of Rs. 100/- he will charge service tax on Rs. 40 @ 10% Plus 2% plus 1% as above.
If you divide the service tax with Rs. 100 the % will be 4.12% but what actually he has paid is 10+2+1
All services are subject to this rate
But there are 12 services which enjoy abatement from the taxable value.
Eg. Rent a cab services gets 60% abatement
so if he raises a bill of Rs. 100/- he will charge service tax on Rs. 40 @ 10% Plus 2% plus 1% as above.
If you divide the service tax with Rs. 100 the % will be 4.12% but what actually he has paid is 10+2+1
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