Rate of service tax @14% or 14.5%
This query is : Resolved
31 December 2015
Sir,
If I hv recd the amount in December but the invoice was raised on 1st nov or on 1st oct so what rate wud be applicable in such a case ?? 14 or 14.5 % ??
Also if the service is provided on a continuous basis for eg renting of immovable property then what would b the rate ??
31 December 2015
For 1st Nov and 1st Oct invoice only 14% service tax applicable.
31 December 2015
Budget 2015 has increased service tax rate from 12.36% to 14%. The basic rate of service tax is now 14% and no education cess will be levied to it.
However, swachh Bharat cess – 0.5% has been levied from 15th Nov, 2015. So effective rate will be 14.5%.
However, swachh Bharat cess – 0.5% has been levied from 15th Nov, 2015. So effective rate will be 14.5%.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- Taxable or Tax exempt
- ADVANCE PAYMENT OF ADVOCATE
- NRI starting business in India
- ITDS U/S.194T of Firm
- Eway bill not cancelled within 24 hous what can be due
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- TDS Return Q1 FY 2026-27
- DIN reactivation
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
