S.H.E.Cess@1%

This query is : Resolved

santosh s (Querist)
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14 May 2007 New 1% Cess became effective for Income Tax from 1st Apr-07 before the Finance Bill 2007 getting assent of President.
However for Service Tax the same become effective after assent of President.
Why is So?

Jitender

Jitender (Expert)
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29 May 2007 Because service tax rules are different from income tax rules

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Jitender

Jitender (Expert)
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13 June 2007 ok

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Shyam Lal Naik

Shyam Lal Naik (Expert)
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06 September 2007 It was specifically mentioned in the Finance bill that the surcharge will be applicable to Service Tax after the bill is assented to by The Hon'ble President.

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DURVI

DURVI (Expert)
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25 November 2007 Income Tax Act and Rules are independent by itself. Service Tax Rules are not under a separate Act.

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CA BHARATH KUMAR

CA BHARATH KUMAR (Expert)
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17 July 2012 service tax rule itself and indipendent

CS RAJESH C.CHOUDHARY

CS RAJESH C.CHOUDHARY (Expert)
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24 June 2013 Agree with the Experts.

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