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
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