Regarding services tax rate @14% &swacch bharat cess @ 2%
This query is : Resolved
13 April 2015
As per new rules introduced in Union Budget 2015, the rate of service tax is raised from 12.36% to 14% therefore removing Education cess and SHEC.please confirm it is ok
& Also suggest A Swacch Bharat cess @ 2% is will be charged on 14% Services Value . it is right . please confirm if our clacution is worng
Service Invoice Value Rs. 100.00
Service @14% Rs. 14.00
Swacch Bharat cess @ 2% Rs. .28
Total 114.28
please confirm regarding above calculation is ok
Manish
& Also suggest A Swacch Bharat cess @ 2% is will be charged on 14% Services Value . it is right . please confirm if our clacution is worng
Service Invoice Value Rs. 100.00
Service @14% Rs. 14.00
Swacch Bharat cess @ 2% Rs. .28
Total 114.28
please confirm regarding above calculation is ok
Manish
CA AnKiT BoHrA (AB)
(Expert)
13 April 2015
Dear Manish, this calculation is not in use right now.. wait for the new rate notification until that use only the old rate
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