Rate of st
This query is : Resolved
ankeshrawala
(Querist)
15 May 2015
what is curent rate service tax?and if it is 12.36 from which date new rate is applicable?
15 May 2015
You need to charge Service Tax @ 12.36% as new rate is yet to be notified.
Also check out CBEC Clarification from link given below in this regard:
https://www.caclubindia.com/news/cbec-clarifies-rate-of-service-tax-is-12-36--14824.asp#.VTPLriGqqko
Also check out CBEC Clarification from link given below in this regard:
https://www.caclubindia.com/news/cbec-clarifies-rate-of-service-tax-is-12-36--14824.asp#.VTPLriGqqko
15 May 2015
Hon’ble President has given assent to Finance Bill, 2015 and now it became Finance Act (No.20)2015.
Notification for effective date regarding increase in service tax rate from 12.36% to 14% is still awaited.
Notification for effective date regarding levy of Swachh Bharat Cess of 2% also awaited.
Now Service Tax Notification in this regard is expected to be out very soon.
Notification for effective date regarding increase in service tax rate from 12.36% to 14% is still awaited.
Notification for effective date regarding levy of Swachh Bharat Cess of 2% also awaited.
Now Service Tax Notification in this regard is expected to be out very soon.
CA AnKiT BoHrA (AB)
(Expert)
15 May 2015
Yes it will b out soon.....
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
CA AnKiT BoHrA (AB)
(Expert)
20 May 2015
Yes new rate it applicable now i.e.14% till any notifIcation came regarding cess from 1st june....
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