Service tax calculation
This query is : Resolved
Nilam Koltekar
(Querist)
27 March 2015
old service tax is 12.36%
calculation is service tax 12%
education cess 0.24%
secondary education cess 0.12%
then new service tax is 14.28% so how to calculated the service tax
I need your help sir please
calculation is service tax 12%
education cess 0.24%
secondary education cess 0.12%
then new service tax is 14.28% so how to calculated the service tax
I need your help sir please
CA AnKiT BoHrA (AB)
(Expert)
27 March 2015
it hadnt been yet annonced yet dear
and we all are waiting for the clarification that new rate is 14 %
now what would b this 2 % ganga clean cess means... because in budget it was said its 2 % of value... that takes net service tax rate to 16 %
so stil clarification in this regards needs to b out that it is going to be 16 % or 14.28 %
what ever the rate will b is inclusive of cess
and we all are waiting for the clarification that new rate is 14 %
now what would b this 2 % ganga clean cess means... because in budget it was said its 2 % of value... that takes net service tax rate to 16 %
so stil clarification in this regards needs to b out that it is going to be 16 % or 14.28 %
what ever the rate will b is inclusive of cess
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