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
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
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
- Multiple payment of self assessment tax for A Y 2025-2026
- CAPITAL GAIN REDEVELOPED FLAT
- REGARDING ITR FILING QUESTION
- Requirement under FEMA &RBI
- CLOSING STOCK QUERY
- Missed TDS
- TDS refund Indemnity Bond
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- DUE DATE FOR ITR FILING
- U/S 194 T
- GST REGISTRATION REQUIRED TO DIAGNOSTIC UNIT
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
