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.
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
Regards
Prasad.R
CA Praveen Chopra
(Expert)
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
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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