Rate of service tax
This query is : Resolved
Sanjib Banik
(Querist)
16 April 2015
Dear Experts,
Can any body tell me revised rate of Service Tax is 14.3% or 14%.
Please confirm me.
Can any body tell me revised rate of Service Tax is 14.3% or 14%.
Please confirm me.
CA AnKiT BoHrA (AB)
(Expert)
16 April 2015
until now no rate is revised... old rate is in use until the notification came
and we all expect new rate to b 14.28 %
and we all expect new rate to b 14.28 %
16 April 2015
The proposed rate is 14 % which subsumes sec. n higher edu. cess. Also there is an enabling provision for levy of SBC @ 2% on the value of all or any of the taxable services. Thus effective rate will be 16%. But CG may or may not levy this SBC.
CA AnKiT BoHrA (AB)
(Expert)
17 April 2015
Anil ji... Most of the expert had said that rate wil b 14.28 %, anywz i wish it to b on lower side...
17 April 2015
The proposed levy of SBC is on service and not on service tax. That is why the effective rate will be 16%.
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