Rate of st applicable for nov 2012?
This query is : Resolved
tarun singla
(Querist)
29 August 2012
sir for ipcc nov 2012 exams what rate of service tax and which approach of service tax will be applicable?
CA Ayush Agarwal
(Expert)
29 August 2012
12.36%
POT is Applicable
POT is Applicable
tarun singla
(Querist)
30 August 2012
sir i mean is comprehensive or selective approach of service tax will be applicable?
20 July 2025
Service Tax Rate applicable in Nov 2012
Rate: 12.36% (including education cess and secondary & higher education cess)
Approach of Service Tax applicable
In 2012, Selective Approach was still in place, meaning only services specifically listed in the Finance Act were taxable.
Comprehensive Approach (where all services are taxable except exempt ones) was introduced later in the Finance Act, 2012 but implemented from 1 July 2012, so for Nov 2012 exams, Comprehensive Approach was applicable.
Rate: 12.36% (including education cess and secondary & higher education cess)
Approach of Service Tax applicable
In 2012, Selective Approach was still in place, meaning only services specifically listed in the Finance Act were taxable.
Comprehensive Approach (where all services are taxable except exempt ones) was introduced later in the Finance Act, 2012 but implemented from 1 July 2012, so for Nov 2012 exams, Comprehensive Approach was applicable.
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
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- GST on Renting godown to KFCSC for Storage of Raagi
- Under marginal scheme
- TDS on Fixed Assets purchased
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Capitalgain tax purposes for valuation report compulsory
- Oct 2025 Invoices
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
