Service tax %

This query is : Resolved 

25 March 2008
I would like to know the service tax % to be paid for various services as at today


S.K.

25 March 2008 Service tax % at present is 12.36% on various services which includes 12% service tax rate + 2%Education cess on service tax + 1 % Higher Secondary Education Cess on service tax.
Regards
Prasad.R

26 March 2008 Mr.Prasad is correct

26 March 2008 SERVICE TAX % IS 12.36 ON ALL TAXABLE SERVICES INCL. EDU.CESS AND HR. EDU.CESS.
THE EXEMPTION LIMIT AS INCREASED IN BUDGET 2008 IS RS. 10 LAKHS(FROM RS. 8 LAKHS AT PRESENT) WEF 01-04-08.
R.V.RAO

26 March 2008 Rate is 12.36% on all taxable services subject to exemptions and abatements


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