New rate of service tax

This query is : Resolved 

17 November 2015 How to apply service tax new rate with Eg?

17 November 2015 Value of Service provided Rs.50,000.
Service tax @ 14% on Rs.50,000 = Rs.7000
SBC @ 0.50% on Rs.50,000 = Rs.250
Total of bill = Rs.57,250.


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