New rate of service tax
This query is : Resolved
Rekha Sai Teja
(Querist)
03 March 2015
Service tax rate has been increased to 14%.
And the swacch Bharat Cess which is 2%.
The question is how to add cess on service tax or on Service value??
Which of following is correct?
A) 14%+2% = 16% or
B) 14%+2%(14%) = 14.28%
And the swacch Bharat Cess which is 2%.
The question is how to add cess on service tax or on Service value??
Which of following is correct?
A) 14%+2% = 16% or
B) 14%+2%(14%) = 14.28%
03 March 2015
https://www.caclubindia.com/articles/service-providers-be-ready-to-fulfill-the-dream-of-modi-s-swachh-bharat--23203.asp#.VPWzNnyUdic
03 March 2015
https://www.dnaindia.com/money/report-rest-easy-service-tax-rate-won-t-exceed-1428-2065634
Please check out above link. Service Tax rate won't exceed 14.28%.
Please check out above link. Service Tax rate won't exceed 14.28%.
Rekha Sai Teja
(Querist)
03 March 2015
Thank you to sampath sir and sanjay sir..
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
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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