Rate of service tax
This query is : Resolved
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.
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.
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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