Service tax rate

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chander prakash

chander prakash (Querist)
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19 September 2012 hello..
i wanna know that what is the service tax rate for nov.2012 ipce exam.

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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19 September 2012 It based on the date of transaction for the purpose of service tax based on Point of taxation rules. In case the date of transaction is before 31-3-2012 then 10%+e.cess+she.cess in case it is after 31-3-2012 then 12%+e.cess+she.cess.

But remember for nov 2012 exams all the question regarding the dates on or before 31-3-2012.but due to the point of taxation the transaction date may comes later 31-3-2012.

OM SAI SRI SAI JAI JAI SAI

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