Service Tax Rate
This query is : Resolved
04 November 2009
Dear Sir
I have some doubt on Service Tax Rates under composition scheme.
Earlier when Rate was 12.36% it comes out 4.12% (12.36% of 33.33% Value =4.12%)
At present Rate is 10.30% hence It should come 3.43% (10.30% of 33.33% = 3.43%)
But during one discussion I came to know that Rate of Service Tax under Composition scheme is still 4.12%.
Please confirm me whether it is true or 3.43% is correct.
Thanks
I have some doubt on Service Tax Rates under composition scheme.
Earlier when Rate was 12.36% it comes out 4.12% (12.36% of 33.33% Value =4.12%)
At present Rate is 10.30% hence It should come 3.43% (10.30% of 33.33% = 3.43%)
But during one discussion I came to know that Rate of Service Tax under Composition scheme is still 4.12%.
Please confirm me whether it is true or 3.43% is correct.
Thanks
04 November 2009
It is 4.12%.
Guest
Guest
(Expert)
10 November 2009
No there is no relationship between General Rules & Rules under composition Scheme.
There all together different Rate i.e. 4% plus 2% EC & 1% HS & EC
There all together different Rate i.e. 4% plus 2% EC & 1% HS & EC
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- NRI starting business in India
- ITDS U/S.194T of Firm
- ADVANCE PAYMENT OF ADVOCATE
- Non-Compliance documents have not been submitted by the contractors debited
- Filling ITR - U
- Eway bill not cancelled within 24 hous what can be due
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
